Nuveen Global High Income Fund (NYSE:JGH) Stock Price Up 0.2% – Should You Buy?

Nuveen Global High Income Fund (NYSE:JGH) shot up 0.2% on Monday . The company traded as high as $12.67 and last traded at $12.62. 43,818 shares changed hands during trading, a decline of 10% from the average session volume of 48,693 shares. The stock had previously closed at $12.60.

Nuveen Global High Income Fund Stock Performance

The stock has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $12.77.

Nuveen Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be given a dividend of $0.1035 per share. This represents a $1.24 annualized dividend and a yield of 9.84%. The ex-dividend date is Friday, June 13th.

Hedge Funds Weigh In On Nuveen Global High Income Fund

A number of hedge funds have recently bought and sold shares of JGH. Invesco Ltd. boosted its holdings in Nuveen Global High Income Fund by 10.7% in the 1st quarter. Invesco Ltd. now owns 423,773 shares of the company’s stock valued at $5,543,000 after purchasing an additional 40,848 shares during the period. Shaker Financial Services LLC increased its holdings in shares of Nuveen Global High Income Fund by 5.3% during the first quarter. Shaker Financial Services LLC now owns 171,164 shares of the company’s stock worth $2,256,000 after purchasing an additional 8,681 shares during the period. Pasadena Private Wealth LLC acquired a new stake in shares of Nuveen Global High Income Fund in the first quarter valued at approximately $166,000. LPL Financial LLC boosted its stake in shares of Nuveen Global High Income Fund by 9.3% in the first quarter. LPL Financial LLC now owns 331,144 shares of the company’s stock valued at $4,331,000 after buying an additional 28,144 shares during the period. Finally, Kingsview Wealth Management LLC boosted its stake 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 valued at $147,000 after buying an additional 1,250 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.