Nuveen Multi-Market Income Fund (JMM) To Go Ex-Dividend on January 15th

Nuveen Multi-Market Income Fund (NYSE:JMM) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.029 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Multi-Market Income Fund Price Performance

Shares of Nuveen Multi-Market Income Fund stock traded up $0.05 during trading on Tuesday, hitting $6.06. 1,591 shares of the company were exchanged, compared to its average volume of 12,245. The firm’s fifty day moving average price is $6.09 and its 200 day moving average price is $6.24. Nuveen Multi-Market Income Fund has a 1-year low of $5.68 and a 1-year high of $6.52.

Hedge Funds Weigh In On Nuveen Multi-Market Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in JMM. Advisors Asset Management Inc. raised its stake in Nuveen Multi-Market Income Fund by 142.0% during the 3rd quarter. Advisors Asset Management Inc. now owns 249,489 shares of the company’s stock worth $1,569,000 after buying an additional 146,395 shares during the period. Aviance Capital Partners LLC grew its holdings in shares of Nuveen Multi-Market Income Fund by 17.3% during the third quarter. Aviance Capital Partners LLC now owns 135,772 shares of the company’s stock worth $854,000 after buying an additional 20,053 shares in the last quarter. Seven Mile Advisory bought a new stake in Nuveen Multi-Market Income Fund in the 3rd quarter valued at approximately $558,000. Susquehanna International Group LLP boosted its position in Nuveen Multi-Market Income Fund by 119.5% during the 3rd quarter. Susquehanna International Group LLP now owns 44,708 shares of the company’s stock worth $281,000 after acquiring an additional 24,342 shares during the last quarter. Finally, M Holdings Securities Inc. acquired a new position in Nuveen Multi-Market Income Fund during the 2nd quarter worth approximately $230,000. Institutional investors and hedge funds own 67.34% of the company’s stock.

About Nuveen Multi-Market Income Fund

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.