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AllianceBernstein Global High Income Fund (NYSE:AWF) Sets New 52-Week High - Here's What Happened

AllianceBernstein Global High Income Fund logo with Finance background

Key Points

  • AllianceBernstein Global High Income Fund's stock reached a new 52-week high of $11.36 with a trading volume of 111,253 shares on Wednesday.
  • The company declared a monthly dividend of $0.0655 per share, representing an annualized yield of 6.9%, payable on September 19th to investors of record.
  • Recent institutional activities include significant acquisitions, with Geneos Wealth Management increasing its stake by 570.2% after adding new shares in the last quarter.
  • Five stocks to consider instead of AllianceBernstein Global High Income Fund.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report)'s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $11.36 and last traded at $11.36, with a volume of 111253 shares traded. The stock had previously closed at $11.30.

AllianceBernstein Global High Income Fund Trading Down 0.0%

The stock has a fifty day moving average of $11.17 and a 200-day moving average of $10.84.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 19th. Investors of record on Thursday, September 4th will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, September 4th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in shares of AllianceBernstein Global High Income Fund by 6.1% in the fourth quarter. Ameriprise Financial Inc. now owns 67,344 shares of the closed-end fund's stock valued at $723,000 after buying an additional 3,866 shares during the last quarter. Cetera Investment Advisers lifted its position in shares of AllianceBernstein Global High Income Fund by 163.4% in the fourth quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund's stock valued at $898,000 after buying an additional 51,893 shares during the last quarter. Tidal Investments LLC lifted its position in shares of AllianceBernstein Global High Income Fund by 2.3% in the fourth quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund's stock valued at $1,177,000 after buying an additional 2,478 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of AllianceBernstein Global High Income Fund by 7.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 30,359 shares of the closed-end fund's stock valued at $326,000 after buying an additional 2,065 shares during the last quarter. Finally, Kaizen Financial Strategies lifted its position in shares of AllianceBernstein Global High Income Fund by 65.6% in the first quarter. Kaizen Financial Strategies now owns 22,926 shares of the closed-end fund's stock valued at $246,000 after buying an additional 9,084 shares during the last quarter.

About AllianceBernstein Global High Income Fund

(Get Free Report)

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.

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