AllianceBernstein Global High Income Fund (NYSE:AWF) Sets New 1-Year High - What's Next?

Key Points

• The AllianceBernstein Global High Income Fund (NYSE:AWF) reached a new 1-year high, trading at $11.43 during mid-day on Tuesday, with a significant volume of 219,840 shares.
• A recent monthly dividend of $0.0655 was declared, representing an annualized yield of 6.9% and paid to investors of record on September 4th.
• Several institutional investors have increased their positions in AWF, with notable boosts from Ameriprise Financial Inc. and Kaizen Financial Strategies, reflecting growing interest in the fund.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - ) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $11.43 and last traded at $11.41, with a volume of 219840 shares. The stock had previously closed at $11.39.

AllianceBernstein Global High Income Fund Stock Up 0.1%

The stock's fifty day moving average is $11.18 and its two-hundred day moving average is $10.84.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, September 19th. Investors of record on Thursday, September 4th were issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Thursday, September 4th.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in AWF. Ameriprise Financial Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 6.1% in the 4th quarter. Ameriprise Financial Inc. now owns 67,344 shares of the closed-end fund's stock worth $723,000 after buying an additional 3,866 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in AllianceBernstein Global High Income Fund by 7.3% during 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 purchasing an additional 2,065 shares during the last quarter. Kaizen Financial Strategies lifted its holdings in AllianceBernstein Global High Income Fund by 65.6% during the first quarter. Kaizen Financial Strategies now owns 22,926 shares of the closed-end fund's stock valued at $246,000 after purchasing an additional 9,084 shares during the last quarter. Quad Cities Investment Group LLC lifted its holdings in AllianceBernstein Global High Income Fund by 1.5% during the first quarter. Quad Cities Investment Group LLC now owns 89,751 shares of the closed-end fund's stock valued at $963,000 after purchasing an additional 1,289 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in AllianceBernstein Global High Income Fund during the first quarter valued at about $432,000.

About AllianceBernstein Global High Income Fund

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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