Nuveen Global High Income Fund (NYSE:JGH) Shares Down 1% – Should You Sell?

Nuveen Global High Income Fund (NYSE:JGH)’s share price was down 1% during trading 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 session volume of 89,223 shares. The stock had previously closed at $11.89.

Nuveen Global High Income Fund Price Performance

The stock’s fifty day simple moving average is $12.37 and its two-hundred day simple moving average is $12.52.

Nuveen Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 15th will be paid a dividend of $0.1035 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $1.24 annualized dividend and a yield of 10.7%.

Institutional Trading of Nuveen Global High Income Fund

Large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC bought a new position in shares of Nuveen Global High Income Fund in the second quarter valued at $113,000. Royal Bank of Canada grew its holdings in shares of 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 acquiring an additional 3,868 shares during the last quarter. Gould Asset Management LLC CA grew its holdings in shares of Nuveen Global High Income Fund by 11.2% in the 1st 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 during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Nuveen Global High Income Fund during the first quarter worth $200,000. Finally, Calamos Advisors LLC raised its position in shares of 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 period.

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.