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

Nuveen Global High Income Fund (NYSE:JGH) traded down 0.8% on Wednesday . The stock traded as low as $12.35 and last traded at $12.39. 53,737 shares changed hands during trading, a decline of 22% from the average session volume of 68,925 shares. The stock had previously closed at $12.49.

Nuveen Global High Income Fund Stock Down 0.8 %

The stock has a fifty day moving average price of $12.62 and a 200-day moving average price of $12.00.

Nuveen Global High Income Fund Announces Dividend

The business also recently declared 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 10.07%. The ex-dividend date of this dividend is Friday, April 12th.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of JGH. MeadowBrook Investment Advisors LLC bought a new stake in Nuveen Global High Income Fund during the fourth quarter worth approximately $31,000. Future Financial Wealth Managment LLC bought a new stake in shares of Nuveen Global High Income Fund during the 1st quarter worth $45,000. International Assets Investment Management LLC boosted its holdings in shares of 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 buying an additional 10,114 shares during the period. Ausdal Financial Partners Inc. acquired a new position in Nuveen Global High Income Fund in the 3rd quarter valued at $181,000. Finally, Bank of New York Mellon Corp raised its holdings in Nuveen Global High Income Fund by 10.3% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,144 shares of the company’s stock worth $219,000 after acquiring an additional 1,795 shares during the period.

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.