Nuveen Global High Income Fund (NYSE:JGH) Stock Falls 0.2% – Time to Sell?

Nuveen Global High Income Fund (NYSE:JGH) shares fell 0.2% on Friday. The stock traded as low as $11.21 and last traded at $11.2720. 74,984 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 87,957 shares. The stock had previously closed at $11.30.

Nuveen Global High Income Fund Price Performance

The company has a 50-day moving average of $11.92 and a 200-day moving average of $12.39.

Nuveen Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a $0.1035 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.24 annualized dividend and a dividend yield of 11.0%.

Insider Buying and Selling

In other Nuveen Global High Income Fund news, insider Young L. Robert sold 20,595 shares of the business’s stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.33, for a total value of $233,341.35. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Hedge Funds Weigh In On Nuveen Global High Income Fund

A number of large investors have recently modified their holdings of JGH. Independent Wealth Network Inc. grew its stake in Nuveen Global High Income Fund by 5.9% in the third quarter. Independent Wealth Network Inc. now owns 38,479 shares of the company’s stock valued at $452,000 after purchasing an additional 2,158 shares in the last quarter. Gould Asset Management LLC CA raised its holdings in Nuveen Global High Income Fund by 11.2% in the 1st quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock valued at $301,000 after acquiring an additional 2,480 shares during the period. Calamos Advisors LLC lifted its holdings in Nuveen Global High Income Fund by 13.5% during the 1st quarter. Calamos Advisors LLC now owns 28,104 shares of the company’s stock worth $343,000 after purchasing an additional 3,345 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Nuveen Global High Income Fund by 27.7% in the first quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after acquiring an additional 3,868 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of Nuveen Global High Income Fund in the first quarter valued at approximately $99,000.

Nuveen Global High Income Fund Company Profile

Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company managed by Nuveen, the asset-management business of TIAA. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in income-producing fixed-income securities.

JGH invests across global credit markets, including below-investment-grade corporate bonds, bank loans and other high-yield debt instruments. Its portfolio may include securities issued by companies and governments in the United States and international and emerging markets, giving the fund exposure to a broad range of industries, issuers and geographic regions.

The fund uses Nuveen’s credit research and portfolio-management resources to evaluate opportunities and risks across global high-income markets.