Bank of America Corp DE decreased its stake in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 694,287 shares of the closed-end fund's stock after selling 129,634 shares during the quarter. Bank of America Corp DE owned about 0.81% of AllianceBernstein Global High Income Fund worth $7,061,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Fifth Third Bancorp purchased a new position in AllianceBernstein Global High Income Fund in the first quarter worth about $25,000. CWM LLC lifted its position in AllianceBernstein Global High Income Fund by 64.3% in the 4th 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 in the last quarter. Advisory Services Network LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $47,000. Kestra Private Wealth Services LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $113,000. Finally, Citadel Advisors LLC bought a new stake in shares of AllianceBernstein Global High Income Fund in the 3rd quarter worth $165,000.
Insider Buying and Selling
In other AllianceBernstein Global High Income Fund news, Director Emilie D. Wrapp bought 3,432 shares of the firm's stock in a transaction 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 transaction, the director owned 5,825 shares in the company, valued at $59,356.75. This represents a 143.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.
AllianceBernstein Global High Income Fund Stock Performance
AWF stock opened at $10.16 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 business has a fifty day moving average price of $10.16 and a 200-day moving average price of $10.25.
AllianceBernstein Global High Income Fund Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be issued a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Thursday, September 3rd.
AllianceBernstein Global High Income Fund Company Profile
(
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.
See Also
Want to see what other hedge funds are holding AWF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report).
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