Nuveen Global High Income Fund (NYSE:JGH) Stock Price Down 0.7% – Here’s What Happened

Nuveen Global High Income Fund (NYSE:JGH)’s stock price traded down 0.7% during trading on Thursday . The stock traded as low as $12.30 and last traded at $12.32. 52,612 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 105,581 shares. The stock had previously closed at $12.41.

Nuveen Global High Income Fund Stock Performance

The stock has a 50 day simple moving average of $12.64 and a two-hundred day simple moving average of $12.79.

Nuveen Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th were paid a dividend of $0.1035 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a c) dividend on an annualized basis and a yield of 10.1%.

Institutional Trading of Nuveen Global High Income Fund

Several hedge funds have recently made changes to their positions in the company. Invesco Ltd. grew its holdings in shares of Nuveen Global High Income Fund by 9.4% during the 2nd quarter. Invesco Ltd. now owns 463,597 shares of the company’s stock worth $5,994,000 after purchasing an additional 39,824 shares during the period. McGowan Group Asset Management Inc. lifted its position in Nuveen Global High Income Fund by 1.2% in the second quarter. McGowan Group Asset Management Inc. now owns 3,752,362 shares of the company’s stock valued at $48,518,000 after buying an additional 45,641 shares during the last quarter. Raymond James Financial Inc. lifted its position in Nuveen Global High Income Fund by 8.7% in the second quarter. Raymond James Financial Inc. now owns 170,447 shares of the company’s stock valued at $2,204,000 after buying an additional 13,595 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Nuveen Global High Income Fund during the second quarter worth about $78,000. Finally, Clarion Wealth Managment Partners LLC acquired a new stake in shares of Nuveen Global High Income Fund during the second quarter valued at about $169,000.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company that seeks to provide high current income by investing primarily in high-yield debt securities issued by non-U.S. corporations. Established in 2007 and managed by Nuveen Asset Management, the fund offers investors exposure to global credit markets with a focus on higher-yielding instruments. The fund’s strategy aims to balance income generation with diversification across various sectors and geographies outside of the United States.

The fund’s portfolio typically includes a mix of high-yield corporate bonds, bank loans and, from time to time, convertible securities.