Nuveen Multi-Market Income Fund (NYSE:JMM) Stock Price Down 1.5% – Time to Sell?

Shares of Nuveen Multi-Market Income Fund (NYSE:JMM) fell 1.5% on Friday . The stock traded as low as $6.06 and last traded at $6.07. 5,220 shares changed hands during trading, an increase of 30% from the average session volume of 4,025 shares. The stock had previously closed at $6.16.

Nuveen Multi-Market Income Fund Price Performance

The company’s 50-day moving average is $6.05 and its 200-day moving average is $6.13.

Nuveen Multi-Market Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.029 per share. The ex-dividend date of this dividend is Wednesday, January 15th. This represents a $0.35 annualized dividend and a yield of 5.74%.

Institutional Trading of Nuveen Multi-Market Income Fund

A hedge fund recently bought a new stake in Nuveen Multi-Market Income Fund stock. Transform Wealth LLC acquired a new stake in Nuveen Multi-Market Income Fund (NYSE:JMM) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 53,860 shares of the company’s stock, valued at approximately $326,000. 67.34% of the stock is owned by hedge funds and other institutional investors.

About Nuveen Multi-Market Income Fund

Nuveen Multi-Market Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.