AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below Fifty Day Moving Average - Time to Sell?

Key Points

• The AllianceBernstein Global High Income Fund stock price recently fell below its 50-day moving average of $11.21, trading as low as $10.89.
• It announced a monthly dividend of $0.0655, reflecting an annual yield of 7.2%, with the ex-dividend date set for October 2nd.
• Several hedge funds have increased their positions in the fund, with significant investments including a 570.2% growth from Geneos Wealth Management Inc.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - ) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $11.21 and traded as low as $10.89. AllianceBernstein Global High Income Fund shares last traded at $10.94, with a volume of 223,405 shares changing hands.

AllianceBernstein Global High Income Fund Price Performance

The firm has a 50-day moving average of $11.21 and a 200-day moving average of $10.89.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 17th. Investors of record on Thursday, October 2nd will be given a $0.0655 dividend. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Thursday, October 2nd.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Hedge funds have recently made changes to their positions in the company. WPG Advisers LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at $25,000. Newbridge Financial Services Group Inc. acquired a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter worth about $33,000. Allworth Financial LP acquired a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter worth about $44,000. Finally, Geneos Wealth Management Inc. grew its position in AllianceBernstein Global High Income Fund by 570.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 10,616 shares of the closed-end fund's stock worth $114,000 after purchasing an additional 9,032 shares during the period.

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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