Nuveen Global High Income Fund (NYSE:JGH – Get Free Report)’s stock price was down 0.2% during trading on Friday. The company traded as low as $11.21 and last traded at $11.2720. 74,984 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 87,957 shares. The stock had previously closed at $11.30.
Nuveen Global High Income Fund Trading Down 0.2%
The company has a fifty day moving average price of $11.92 and a 200 day moving average price of $12.39.
Nuveen Global High Income Fund Announces Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a dividend of $0.1035 per share. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $1.24 annualized dividend and a dividend yield of 11.0%.
Insider Activity at Nuveen Global High Income Fund
In other news, insider Young L. Robert sold 20,595 shares of the stock in a transaction that occurred on Friday, October 16th. The stock was sold at an average price of $11.33, for a total value of $233,341.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Hedge Funds Weigh In On Nuveen Global High Income Fund
A number of hedge funds have recently bought and sold shares of JGH. Shaker Financial Services LLC raised its holdings in shares of Nuveen Global High Income Fund by 70.3% in the third quarter. Shaker Financial Services LLC now owns 101,819 shares of the company’s stock valued at $1,208,000 after purchasing an additional 42,044 shares during the last quarter. Independent Wealth Network Inc. boosted its holdings in Nuveen Global High Income Fund by 5.9% during the third quarter. Independent Wealth Network Inc. now owns 38,479 shares of the company’s stock worth $452,000 after purchasing an additional 2,158 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Nuveen Global High Income Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 28,104 shares of the company’s stock worth $343,000 after purchasing an additional 3,345 shares during the last quarter. Gould Asset Management LLC CA boosted its holdings in Nuveen Global High Income Fund by 11.2% during the first quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock worth $301,000 after purchasing an additional 2,480 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Nuveen Global High Income Fund by 27.7% in the 1st quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock worth $218,000 after purchasing an additional 3,868 shares in the last quarter.
Nuveen Global High Income Fund Company Profile
Nuveen Global High Income Fund (NYSE: JGH) is a closed-end investment company managed by Nuveen, the asset-management business of TIAA. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in income-producing fixed-income securities.
JGH invests across global credit markets, including below-investment-grade corporate bonds, bank loans and other high-yield debt instruments. Its portfolio may include securities issued by companies and governments in the United States and international and emerging markets, giving the fund exposure to a broad range of industries, issuers and geographic regions.
The fund uses Nuveen’s credit research and portfolio-management resources to evaluate opportunities and risks across global high-income markets.
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