Nuveen Multi-Market Income Fund (NYSE:JMM) Trading Up 0.6% – Still a Buy?

Nuveen Multi-Market Income Fund (NYSE:JMM)’s stock price was up 0.6% during trading on Tuesday . The company 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 session volume of 8,426 shares. The stock had previously closed at $5.74.

Nuveen Multi-Market Income Fund Stock Up 0.6%

The firm’s 50 day simple moving average is $5.81 and its two-hundred day simple moving average is $5.88.

Nuveen Multi-Market Income Fund Announces Dividend

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

Institutional Investors Weigh In On Nuveen Multi-Market Income Fund

Several institutional investors have recently made changes to their positions in JMM. Advisors Asset Management Inc. increased its stake in Nuveen Multi-Market Income Fund by 1.2% during the 4th quarter. Advisors Asset Management Inc. now owns 252,369 shares of the company’s stock worth $1,524,000 after acquiring an additional 2,880 shares during the period. Susquehanna International Group LLP lifted its position in shares of 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 valued at $281,000 after acquiring an additional 24,342 shares during the period. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter worth $272,000. Fifth Third Bancorp acquired a new stake in shares of Nuveen Multi-Market Income Fund during the 1st quarter worth $28,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Nuveen Multi-Market Income Fund during the 2nd quarter worth $30,000. 67.34% of the stock is currently owned by institutional investors.

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.