Nuveen Global High Income Fund (NYSE:JGH) Shares Up 0.2% – Here’s Why

Nuveen Global High Income Fund (NYSE:JGH)’s stock price traded up 0.2% on Tuesday . The company traded as high as $13.12 and last traded at $13.05. 126,082 shares changed hands during trading, an increase of 81% from the average session volume of 69,834 shares. The stock had previously closed at $13.03.

Nuveen Global High Income Fund Trading Up 0.2%

The stock’s fifty day moving average is $13.39 and its two-hundred day moving average is $12.96.

Nuveen Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, November 3rd. Investors of record on Wednesday, October 15th will be issued a $0.1035 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Wednesday, October 15th.

Institutional Investors Weigh In On Nuveen Global High Income Fund

Several hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its position in shares of Nuveen Global High Income Fund by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 2,300 shares of the company’s stock valued at $30,000 after purchasing an additional 1,150 shares during the period. Newbridge Financial Services Group Inc. purchased a new stake in Nuveen Global High Income Fund during the second quarter valued at about $78,000. Ameritas Advisory Services LLC acquired a new position in shares of Nuveen Global High Income Fund in the second quarter worth about $105,000. Tyche Wealth Partners LLC purchased a new position in shares of Nuveen Global High Income Fund in the second quarter worth approximately $143,000. Finally, Kingsview Wealth Management LLC increased its position in shares of Nuveen Global High Income Fund by 12.5% in the first quarter. Kingsview Wealth Management LLC now owns 11,255 shares of the company’s stock worth $147,000 after acquiring an additional 1,250 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.