Nuveen Global High Income Fund (NYSE:JGH) Trading Down 0.3% – Here’s What Happened

Nuveen Global High Income Fund (NYSE:JGH)’s share price was down 0.3% on Tuesday . The stock traded as low as $13.28 and last traded at $13.29. Approximately 34,754 shares were traded during trading, a decline of 25% from the average daily volume of 46,451 shares. The stock had previously closed at $13.33.

Nuveen Global High Income Fund Trading Down 0.3 %

The firm has a 50-day simple moving average of $13.08 and a two-hundred day simple moving average of $13.06.

Nuveen Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Friday, February 14th will be paid a $0.1035 dividend. This represents a $1.24 annualized dividend and a yield of 9.35%. The ex-dividend date is Friday, February 14th.

Institutional Investors Weigh In On Nuveen Global High Income Fund

Several hedge funds have recently modified their holdings of the company. Avior Wealth Management LLC raised its position in shares of Nuveen Global High Income Fund by 76.0% in the third quarter. Avior Wealth Management LLC now owns 2,279 shares of the company’s stock valued at $30,000 after buying an additional 984 shares during the last quarter. Kingsview Wealth Management LLC purchased a new stake in Nuveen Global High Income Fund in the 4th quarter worth approximately $128,000. International Assets Investment Management LLC raised its holdings in Nuveen Global High Income Fund by 1,238.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,082 shares of the company’s stock valued at $162,000 after acquiring an additional 11,179 shares during the last quarter. Ameriprise Financial Inc. purchased a new position in shares of Nuveen Global High Income Fund during the 4th quarter worth $164,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Nuveen Global High Income Fund during the fourth quarter worth $167,000.

Nuveen Global High Income Fund Company Profile

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.