Independent Financial Group LLC Buys Shares of 191,047 AllianceBernstein Global High Income Fund, Inc. $AWF

Key Points

• Independent Financial Group LLC opened a new position in AllianceBernstein Global High Income Fund, buying 191,047 shares valued at about $1.94 million in the first quarter.
• Several other institutional investors also added to or initiated stakes in AWF, including Fifth Third Bancorp and CWM LLC, indicating continued interest from large investors.
• The fund was trading around $10.12 and recently paid a monthly dividend of $0.0655 per share, which annualizes to a yield of about 7.8%.

Independent Financial Group LLC bought a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 191,047 shares of the closed-end fund's stock, valued at approximately $1,943,000. Independent Financial Group LLC owned about 0.22% of AllianceBernstein Global High Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in AWF. Fifth Third Bancorp bought a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter worth approximately $25,000. CWM LLC grew 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 buying an additional 1,733 shares during the period. Advisory Services Network LLC purchased a new stake in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $47,000. Kestra Private Wealth Services LLC purchased a new stake in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $113,000. Finally, First Bank & Trust bought a new position in AllianceBernstein Global High Income Fund in the fourth quarter worth approximately $131,000.

AllianceBernstein Global High Income Fund Trading Down 0.0%

Shares of AllianceBernstein Global High Income Fund stock opened at $10.12 on Monday. The company's fifty day simple moving average is $10.19 and its 200-day simple moving average is $10.35. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.85 and a 1-year high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, July 2nd were given a dividend of $0.0655 per share. The ex-dividend date was Thursday, July 2nd. This represents a c) annualized dividend and a yield of 7.8%.

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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