Nuveen Multi-Market Income Fund (NYSE:JMM) Shares Up 0.6% – Time to Buy?

Nuveen Multi-Market Income Fund (NYSE:JMM) shares rose 0.6% during mid-day trading on Tuesday . The stock traded as high as $5.78 and last traded at $5.7750. Approximately 5,736 shares were traded during trading, a decline of 32% from the average daily volume of 8,426 shares. The stock had previously closed at $5.74.

Nuveen Multi-Market Income Fund Trading Up 0.3%

The stock’s fifty day moving average price is $5.81 and its 200-day moving average price is $5.88.

Nuveen Multi-Market Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Friday, August 14th will be given a dividend of $0.029 per share. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Trading of Nuveen Multi-Market Income Fund

A number of hedge funds have recently bought and sold shares of JMM. Raymond James Financial Inc. purchased a new position in Nuveen Multi-Market Income Fund in the 2nd quarter worth approximately $30,000. Fifth Third Bancorp purchased a new stake in shares of Nuveen Multi-Market Income Fund in the first quarter valued at approximately $28,000. Wolverine Asset Management LLC acquired a new stake in shares of Nuveen Multi-Market Income Fund in the fourth quarter valued at approximately $85,000. Susquehanna International Group LLP increased its holdings in shares of Nuveen Multi-Market Income Fund by 16.2% in the second quarter. Susquehanna International Group LLP now owns 28,650 shares of the company’s stock valued at $168,000 after purchasing an additional 3,987 shares during the last quarter. Finally, Pin Oak Investment Advisors Inc. purchased a new position in Nuveen Multi-Market Income Fund during the second quarter worth approximately $272,000. Institutional investors and hedge funds own 67.34% of the company’s stock.

Nuveen Multi-Market Income Fund Company Profile

Nuveen Multi-Market Income Fund (NYSE: JMM) is a diversified, closed-end management investment company managed by Nuveen, a leading global asset manager and subsidiary of TIAA. The fund seeks to provide high current income with the potential for capital appreciation by investing across multiple asset classes and geographies. Its structure allows investors to access a broad range of income-producing securities through a single vehicle.

JMM’s investment strategy emphasizes a multi-sector approach, allocating capital to fixed-income sectors such as investment-grade and high-yield corporate bonds, emerging market debt, mortgage- and asset-backed securities, as well as preferred stocks.