AllianceBernstein Global High Income Fund (NYSE:AWF) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• AWF shares fell below their 200-day moving average, trading as low as $10.07 and last changing hands at $10.115, down 0.4%. Its 50-day and 200-day averages were $10.17 and $10.30, respectively.
• The fund declared a monthly dividend of $0.0655 per share, payable August 21 to shareholders of record August 6, representing a reported 7.8% annualized yield.
• Director Emilie D. Wrapp purchased 3,432 shares worth approximately $35,000, while several institutional investors—including Readystate Asset Management and Hennion & Walsh—recently increased their holdings.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report)'s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.30 and traded as low as $10.07. AllianceBernstein Global High Income Fund shares last traded at $10.1150, with a volume of 259,396 shares.

AllianceBernstein Global High Income Fund Trading Down 0.4%

The firm has a fifty day simple moving average of $10.17 and a 200 day simple moving average of $10.30.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.0655 per share. The ex-dividend date is Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Insider Buying and Selling at AllianceBernstein Global High Income Fund

In other news, Director Emilie D. Wrapp acquired 3,432 shares of the firm's stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the acquisition, the director directly owned 5,825 shares of the company's stock, valued at $59,356.75. The trade was a 143.42% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter worth approximately $398,000. Maridea Wealth Management LLC purchased a new position in AllianceBernstein Global High Income Fund during the second quarter valued at approximately $633,000. Hennion & Walsh Asset Management Inc. increased its holdings in AllianceBernstein Global High Income Fund by 4.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 210,755 shares of the closed-end fund's stock valued at $2,171,000 after buying an additional 9,074 shares during the period. Anchor Capital Management Group Inc bought a new position in AllianceBernstein Global High Income Fund in the first quarter worth approximately $814,000. Finally, Readystate Asset Management LP raised its stake in AllianceBernstein Global High Income Fund by 34.1% in the first quarter. Readystate Asset Management LP now owns 143,474 shares of the closed-end fund's stock worth $1,459,000 after buying an additional 36,501 shares in the last quarter.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund NYSE: AWF is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.

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