Nuveen Global High Income Fund (NYSE:JGH) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Nuveen Global High Income Fund (NYSE:JGH)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $13.16 and traded as low as $12.95. Nuveen Global High Income Fund shares last traded at $12.95, with a volume of 32,294 shares traded.

Nuveen Global High Income Fund Trading Down 1.0 %

The stock has a 50-day moving average price of $13.16 and a 200 day moving average price of $13.09.

Nuveen Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a dividend of $0.1035 per share. The ex-dividend date was Friday, March 14th. This represents a $1.24 annualized dividend and a yield of 9.59%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of JGH. Ameriprise Financial Inc. acquired a new stake in shares of Nuveen Global High Income Fund during the fourth quarter worth $164,000. Raymond James Financial Inc. bought a new position in Nuveen Global High Income Fund during the 4th quarter worth about $2,001,000. Invesco Ltd. raised its stake in shares of Nuveen Global High Income Fund by 4.5% in the 4th quarter. Invesco Ltd. now owns 382,925 shares of the company’s stock valued at $4,917,000 after purchasing an additional 16,353 shares during the period. Shaker Financial Services LLC lifted its holdings in shares of Nuveen Global High Income Fund by 93.5% in the fourth quarter. Shaker Financial Services LLC now owns 162,483 shares of the company’s stock valued at $2,086,000 after purchasing an additional 78,508 shares in the last quarter. Finally, LPL Financial LLC boosted its position in shares of Nuveen Global High Income Fund by 2.4% during the fourth quarter. LPL Financial LLC now owns 303,000 shares of the company’s stock worth $3,891,000 after buying an additional 7,166 shares during the period.

Nuveen Global High Income Fund Company Profile

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.