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

Nuveen Global High Income Fund (NYSE:JGH) shares fell 0.7% on Monday . The company traded as low as $12.61 and last traded at $12.6950. 92,675 shares traded hands during trading, a decline of 5% from the average session volume of 97,857 shares. The stock had previously closed at $12.78.

Nuveen Global High Income Fund Price Performance

The stock’s 50-day simple moving average is $12.54 and its 200-day simple moving average is $12.66.

Nuveen Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a dividend of $0.1035 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.8%. The ex-dividend date is Friday, May 15th.

Institutional Trading of Nuveen Global High Income Fund

Large investors have recently added to or reduced their stakes in the stock. Sit Investment Associates Inc. lifted its stake in Nuveen Global High Income Fund by 4,079.2% in the fourth quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock valued at $36,616,000 after purchasing 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 worth $9,004,000. Invesco Ltd. raised its stake in shares of Nuveen Global High Income Fund by 13.9% in the fourth quarter. Invesco Ltd. now owns 570,793 shares of the company’s stock valued at $7,198,000 after buying an additional 69,793 shares during the period. LPL Financial LLC lifted its position in shares of Nuveen Global High Income Fund by 13.3% during the 4th quarter. LPL Financial LLC now owns 398,267 shares of the company’s stock valued at $5,022,000 after buying an additional 46,762 shares during the last quarter. Finally, Absolute Investment Advisers LLC purchased a new position in shares of Nuveen Global High Income Fund during the 4th quarter valued at $3,144,000.

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.