Nuveen Global High Income Fund (NYSE:JGH) Trading Down 0.8%

Nuveen Global High Income Fund (NYSE:JGH)’s stock price dropped 0.8% during trading on Wednesday . The stock traded as low as $12.35 and last traded at $12.39. Approximately 53,737 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 68,925 shares. The stock had previously closed at $12.49.

Nuveen Global High Income Fund Stock Performance

The firm’s fifty day moving average price is $12.61 and its 200-day moving average price is $12.01.

Nuveen Global High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a $0.104 dividend. This represents a $1.25 dividend on an annualized basis and a dividend yield of 10.11%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Investors Weigh In On Nuveen Global High Income Fund

A number of hedge funds have recently added to or reduced their stakes in JGH. MeadowBrook Investment Advisors LLC bought a new stake in Nuveen Global High Income Fund in the 4th quarter worth about $31,000. Future Financial Wealth Managment LLC purchased a new position in Nuveen Global High Income Fund during the 1st quarter valued at about $45,000. International Assets Investment Management LLC increased its holdings in Nuveen Global High Income Fund by 1,120.0% during the 4th quarter. International Assets Investment Management LLC now owns 11,017 shares of the company’s stock worth $134,000 after acquiring an additional 10,114 shares during the period. Ausdal Financial Partners Inc. bought a new position in shares of Nuveen Global High Income Fund in the third quarter worth $181,000. Finally, Gould Asset Management LLC CA raised its position in shares of Nuveen Global High Income Fund by 9.1% in the fourth quarter. Gould Asset Management LLC CA now owns 17,916 shares of the company’s stock worth $219,000 after buying an additional 1,490 shares in the last quarter.

About Nuveen Global High Income Fund

Nuveen Global High 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 fixed income markets across the globe. The fund primarily invests in U.S. high-yield bonds, non-U.S.