Nuveen Global High Income Fund (NYSE:JGH) Stock Price Up 0.3% – Should You Buy?

Nuveen Global High Income Fund (NYSE:JGH)’s stock price traded up 0.3% during trading on Friday . The stock traded as high as $13.19 and last traded at $13.16. 46,871 shares traded hands during mid-day trading, a decline of 0% from the average session volume of 46,931 shares. The stock had previously closed at $13.12.

Nuveen Global High Income Fund Stock Performance

The firm’s 50-day moving average is $13.04 and its 200-day moving average is $12.97.

Nuveen Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Wednesday, January 15th will be paid a $0.1035 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.44%. The ex-dividend date is Wednesday, January 15th.

Hedge Funds Weigh In On Nuveen Global High Income Fund

A number of institutional investors have recently added to or reduced their stakes in the company. Pathstone Holdings LLC grew its stake in shares of Nuveen Global High Income Fund by 70.1% in the 3rd quarter. Pathstone Holdings LLC now owns 248,413 shares of the company’s stock worth $3,324,000 after buying an additional 102,391 shares during the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Nuveen Global High Income Fund in the 3rd quarter worth about $661,000. Sanctuary Advisors LLC bought a new position in Nuveen Global High Income Fund in the 2nd quarter worth about $313,000. Shaker Financial Services LLC grew its position in Nuveen Global High Income Fund by 28.6% during the 3rd quarter. Shaker Financial Services LLC now owns 83,975 shares of the company’s stock valued at $1,132,000 after purchasing an additional 18,653 shares during the last quarter. Finally, Landscape Capital Management L.L.C. bought a new stake in Nuveen Global High Income Fund during the 3rd quarter valued at about $249,000.

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.