Nuveen Global High Income Fund (NYSE:JGH) Stock Price Down 0.2% – Here’s What Happened

Nuveen Global High Income Fund (NYSE:JGH)’s stock price dropped 0.2% during trading on Friday. The company traded as low as $11.21 and last traded at $11.2720. 74,984 shares traded 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 Stock Down 0.2%

The stock has a fifty day simple moving average of $11.92 and a two-hundred day simple moving average of $12.39.

Nuveen Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a dividend of $0.1035 per share. The ex-dividend date is Thursday, October 15th. This represents a $1.24 annualized dividend and a dividend yield of 11.0%.

Insiders Place Their Bets

In other Nuveen Global High Income Fund 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 document filed with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in Nuveen Global High Income Fund in the 1st quarter valued at about $99,000. Ameritas Advisory Services LLC purchased a new position in Nuveen Global High Income Fund in the second quarter valued at about $113,000. Sage Capital Advisors llc bought a new position in Nuveen Global High Income Fund during the third quarter valued at $177,000. Bank of New York Mellon Corp bought a new stake in Nuveen Global High Income Fund in the 1st quarter valued at about $200,000. Finally, Royal Bank of Canada raised its position in shares of Nuveen Global High Income Fund by 27.7% in the first quarter. Royal Bank of Canada now owns 17,809 shares of the company’s stock valued at $218,000 after purchasing an additional 3,868 shares during the period.

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.