AllianceBernstein Global High Income Fund (NYSE:AWF) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Shares fell below the 200-day moving average: AWF traded as low as $10.10 and last at $10.13, slipping under its 200-day moving average of $10.83 on volume of 350,387, a technical sign of recent weakness.
• Monthly dividend announced: The fund declared a $0.0655 monthly payout (ex-dividend March 5, payable March 20), implying a yield of about 7.8%.
• Several institutional investors, including Integrated Wealth Concepts, Kaizen Financial Strategies and Cetera Investment Advisers, modestly increased their positions, showing continued institutional interest in the closed-end fund.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.83 and traded as low as $10.10. AllianceBernstein Global High Income Fund shares last traded at $10.13, with a volume of 350,387 shares.

AllianceBernstein Global High Income Fund Trading Down 0.2%

The company has a fifty day moving average of $10.57 and a two-hundred day moving average of $10.83.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Thursday, March 5th will be given a $0.0655 dividend. The ex-dividend date is Thursday, March 5th. This represents a c) annualized dividend and a yield of 7.8%.

Institutional Trading of AllianceBernstein Global High Income Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC increased its stake in shares of AllianceBernstein Global High Income Fund by 5.0% in the first quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund's stock valued at $462,000 after buying an additional 2,050 shares during the period. Allworth Financial LP acquired a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter worth approximately $44,000. Kaizen Financial Strategies grew its holdings in AllianceBernstein Global High Income Fund by 43.6% during the 2nd quarter. Kaizen Financial Strategies now owns 32,931 shares of the closed-end fund's stock worth $363,000 after acquiring an additional 10,005 shares during the last quarter. King Wealth Management Group grew its holdings in AllianceBernstein Global High Income Fund by 10.5% during the 2nd quarter. King Wealth Management Group now owns 21,000 shares of the closed-end fund's stock worth $232,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in AllianceBernstein Global High Income Fund by 1.5% in the 2nd quarter. Cetera Investment Advisers now owns 84,733 shares of the closed-end fund's stock valued at $935,000 after acquiring an additional 1,230 shares during the period.

AllianceBernstein Global High Income Fund Company Profile

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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