LPL Financial LLC Raises Stake in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)

Key Points

• LPL Financial LLC increased its stake in AllianceBernstein Global High Income Fund by 3.9%, now owning 960,855 shares valued at approximately $10.3 million.
• Several other institutional investors have also increased their positions, with notable boosts from Invesco Ltd. (6.3%) and Mercer Global Advisors Inc. ADV (147.9%) in the fourth quarter.
• The AllianceBernstein Global High Income Fund recently declared a monthly dividend of $0.0655 per share, representing a 7.1% annualized yield for stockholders of record.

LPL Financial LLC grew its stake in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 960,855 shares of the closed-end fund's stock after acquiring an additional 35,714 shares during the period. LPL Financial LLC owned about 1.11% of AllianceBernstein Global High Income Fund worth $10,310,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AWF. Huntleigh Advisors Inc. purchased a new stake in AllianceBernstein Global High Income Fund in the 1st quarter worth approximately $13,519,000. Raymond James Financial Inc. purchased a new stake in AllianceBernstein Global High Income Fund in the 4th quarter valued at about $3,832,000. Shaker Financial Services LLC purchased a new stake in AllianceBernstein Global High Income Fund in the 4th quarter valued at about $631,000. Cetera Investment Advisers grew its holdings in AllianceBernstein Global High Income Fund by 163.4% in the 4th quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund's stock valued at $898,000 after buying an additional 51,893 shares during the period. Finally, Invesco Ltd. grew its holdings in AllianceBernstein Global High Income Fund by 6.3% in the 4th quarter. Invesco Ltd. now owns 863,794 shares of the closed-end fund's stock valued at $9,269,000 after buying an additional 50,936 shares during the period.

AllianceBernstein Global High Income Fund Stock Down 0.1%

AWF traded down $0.01 during midday trading on Tuesday, hitting $11.15. The company's stock had a trading volume of 245,335 shares, compared to its average volume of 207,225. The firm has a 50-day moving average price of $11.00 and a two-hundred day moving average price of $10.78. AllianceBernstein Global High Income Fund, Inc. has a 52-week low of $9.30 and a 52-week high of $11.36.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, August 7th will be issued a $0.0655 dividend. The ex-dividend date is Thursday, August 7th. This represents a c) annualized dividend and a yield of 7.0%.

AllianceBernstein Global High Income Fund Company Profile

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.