141,274 Shares in AllianceBernstein Global High Income Fund, Inc. $AWF Acquired by Wolverine Asset Management LLC

Key Points

• Wolverine Asset Management opened a new position of 141,274 shares in AllianceBernstein Global High Income Fund (NYSE:AWF) during Q4, valued at about $1.51 million
• VP Gershon M. Distenfeld sold 5,462 shares at an average price of $10.57 on Feb. 5, a 26.96% reduction in his holdings; corporate insiders own about 1.0% of the stock.
• The fund declared a monthly dividend of $0.0655 per share (ex-dividend May 7, payable May 15), implying an annualized yield of about 7.6%.

Wolverine Asset Management LLC acquired a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 141,274 shares of the closed-end fund's stock, valued at approximately $1,510,000. Wolverine Asset Management LLC owned about 0.16% of AllianceBernstein Global High Income Fund at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. CWM LLC lifted its position in 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 purchasing an additional 1,733 shares in the last quarter. Advisory Services Network LLC purchased a new position in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $47,000. Strategic Advocates LLC purchased a new position in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $59,000. MAI Capital Management lifted its holdings in AllianceBernstein Global High Income Fund by 370.0% during the third quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund's stock valued at $85,000 after purchasing an additional 5,957 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new position in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $113,000.

Insiders Place Their Bets

In other AllianceBernstein Global High Income Fund news, VP Gershon M. Distenfeld sold 5,462 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $10.57, for a total transaction of $57,733.34. Following the transaction, the vice president owned 14,801 shares of the company's stock, valued at $156,446.57. The trade was a 26.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

AllianceBernstein Global High Income Fund Stock Up 0.7%

Shares of NYSE:AWF opened at $10.32 on Wednesday. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.85 and a 1-year high of $11.43. The firm's 50 day simple moving average is $10.29 and its two-hundred day simple moving average is $10.58.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, May 7th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a c) annualized dividend and a yield of 7.6%.

AllianceBernstein Global High Income Fund 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.