Nuveen Global High Income Fund (NYSE:JGH) Stock Price Down 1% – What’s Next?

Nuveen Global High Income Fund (NYSE:JGH) shares were down 1% on Wednesday . The stock traded as low as $11.71 and last traded at $11.77. 106,752 shares were traded during mid-day trading, an increase of 20% from the average daily volume of 89,223 shares. The stock had previously closed at $11.89.

Nuveen Global High Income Fund Price Performance

The stock has a fifty day moving average of $12.38 and a two-hundred day moving average of $12.52.

Nuveen Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 15th will be issued a $0.1035 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Tuesday, September 15th.

Institutional Trading of Nuveen Global High Income Fund

Institutional investors have recently modified their holdings of the company. Ameritas Advisory Services LLC purchased a new position in Nuveen Global High Income Fund in the second quarter valued at approximately $113,000. Royal Bank of Canada lifted its position in Nuveen Global High Income Fund by 27.7% during the first quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after buying an additional 3,868 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Nuveen Global High Income Fund during the first quarter worth approximately $200,000. Fifth Third Bancorp purchased a new stake in Nuveen Global High Income Fund during the first quarter worth approximately $99,000. Finally, Gould Asset Management LLC CA increased its position in shares of Nuveen Global High Income Fund by 11.2% in the first quarter. Gould Asset Management LLC CA now owns 24,621 shares of the company’s stock worth $301,000 after acquiring an additional 2,480 shares in the last quarter.

About Nuveen Global High Income Fund

Nuveen Global High Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol JGH. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing primarily in income-producing debt securities.

The portfolio may include below-investment-grade corporate bonds, government and sovereign debt, emerging-market securities, bank loans and other fixed-income instruments. Investments can be denominated in U.S.