Nuveen Global High Income Fund (NYSE:JGH) Stock Price Down 1% – What’s Next?

Nuveen Global High Income Fund (NYSE:JGH) shares dropped 1% during mid-day trading on Wednesday . The stock traded as low as $11.71 and last traded at $11.77. Approximately 106,752 shares were traded during trading, an increase of 20% from the average daily volume of 89,223 shares. The stock had previously closed at $11.89.

Nuveen Global High Income Fund Stock Performance

The stock’s 50-day moving average is $12.38 and its 200-day moving average is $12.52.

Nuveen Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a dividend of $0.1035 per share. The ex-dividend date is Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 10.6%.

Hedge Funds Weigh In On Nuveen Global High Income Fund

Several institutional investors have recently added to or reduced their stakes in JGH. Sit Investment Associates Inc. increased its stake in shares of Nuveen Global High Income Fund by 4,079.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock valued at $36,616,000 after acquiring an additional 2,834,217 shares during the last quarter. Yakira Capital Management Inc. purchased a new stake in Nuveen Global High Income Fund in the fourth quarter valued at approximately $9,004,000. Independent Wealth Network Inc. increased its position in Nuveen Global High Income Fund by 33.6% during the first quarter. Independent Wealth Network Inc. now owns 30,188 shares of the company’s stock worth $369,000 after purchasing an additional 7,592 shares during the last quarter. Calamos Advisors LLC raised its stake in Nuveen Global High Income Fund by 13.5% during the first 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 period. Finally, Gould Asset Management LLC CA raised its stake in Nuveen Global High Income Fund by 11.2% during the first quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock worth $301,000 after purchasing an additional 2,480 shares during the period.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol JGH. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in income-producing debt securities.

The portfolio may include below-investment-grade corporate bonds, government and sovereign debt, emerging-market securities, bank loans and other fixed-income instruments. Investments can be denominated in U.S.