Nuveen Global High Income Fund (NYSE:JGH) Shares Cross Below Fifty Day Moving Average – Here’s Why

Nuveen Global High Income Fund (NYSE:JGHGet Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $12.54 and traded as low as $12.36. Nuveen Global High Income Fund shares last traded at $12.44, with a volume of 78,735 shares traded.

Nuveen Global High Income Fund Stock Performance

The business’s 50 day moving average price is $12.54 and its 200 day moving average price is $12.59.

Nuveen Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be issued a dividend of $0.1035 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 10.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JGH. Sit Investment Associates Inc. boosted its stake in shares of Nuveen Global High Income Fund by 4,079.2% during the 4th quarter. Sit Investment Associates Inc. now owns 2,903,697 shares of the company’s stock worth $36,616,000 after acquiring an additional 2,834,217 shares in the last quarter. Yakira Capital Management Inc. acquired a new position in Nuveen Global High Income Fund in the 4th quarter worth about $9,004,000. Invesco Ltd. raised its holdings in Nuveen Global High Income Fund by 13.9% in the 4th quarter. Invesco Ltd. now owns 570,793 shares of the company’s stock worth $7,198,000 after purchasing an additional 69,793 shares during the period. LPL Financial LLC boosted its position in Nuveen Global High Income Fund by 13.3% during the fourth quarter. LPL Financial LLC now owns 398,267 shares of the company’s stock worth $5,022,000 after purchasing an additional 46,762 shares in the last quarter. Finally, Raymond James Financial Inc. boosted its position in Nuveen Global High Income Fund by 8.7% during the second quarter. Raymond James Financial Inc. now owns 170,447 shares of the company’s stock worth $2,204,000 after purchasing an additional 13,595 shares in the last quarter.

Nuveen Global High Income Fund Company Profile

(Get Free Report)

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.

Further Reading

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