AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report)'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.28 and traded as low as $10.11. AllianceBernstein Global High Income Fund shares last traded at $10.1350, with a volume of 389,588 shares changing hands.
AllianceBernstein Global High Income Fund Stock Performance
The stock has a 50-day simple moving average of $10.16 and a 200-day simple moving average of $10.28.
AllianceBernstein Global High Income Fund Announces Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Thursday, August 6th will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, August 6th.
Insider Buying and Selling at AllianceBernstein Global High Income Fund
In related news, Director Emilie D. Wrapp acquired 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Tuesday, July 21st. The stock was acquired at an average price of $10.19 per share, with a total value 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. This trade represents a 143.42% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On AllianceBernstein Global High Income Fund
Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp bought a new stake in shares of AllianceBernstein Global High Income Fund during the 1st quarter worth about $25,000. CWM LLC increased its stake in shares of AllianceBernstein Global High Income Fund by 64.3% during the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund's stock valued at $47,000 after acquiring an additional 1,733 shares during the period. Advisory Services Network LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the third quarter valued at approximately $47,000. Kestra Private Wealth Services LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the third quarter valued at approximately $113,000. Finally, Dumont & Blake Investment Advisors LLC bought a new stake in AllianceBernstein Global High Income Fund during the fourth quarter worth approximately $152,000.
About AllianceBernstein Global High Income Fund
(
Get Free Report)
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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