Raymond James Financial Inc. Increases Stock Holdings in AllianceBernstein Global High Income Fund, Inc. $AWF

Key Points

• Raymond James Financial Inc. increased its stake in AllianceBernstein Global High Income Fund, Inc. by 10.6% in Q1, acquiring an additional 37,852 shares, bringing its total ownership to approximately $4.24 million.
• The fund has declared a monthly dividend of $0.0655 per share, with an annualized yield of 7.0%, to be paid on September 19th.
• AllianceBernstein Global High Income Fund has shown a 1-year price range between a low of $9.30 and a high of $11.36, currently trading at around $11.29.

Raymond James Financial Inc. lifted its holdings in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) by 10.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 394,956 shares of the closed-end fund's stock after purchasing an additional 37,852 shares during the quarter. Raymond James Financial Inc. owned about 0.46% of AllianceBernstein Global High Income Fund worth $4,238,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Integris Wealth Management LLC lifted its stake in AllianceBernstein Global High Income Fund by 25.0% in the first quarter. Integris Wealth Management LLC now owns 15,000 shares of the closed-end fund's stock worth $161,000 after acquiring an additional 3,000 shares during the last quarter. Calamos Advisors LLC purchased a new position in AllianceBernstein Global High Income Fund in the first quarter worth approximately $180,000. King Wealth Management Group lifted its stake in AllianceBernstein Global High Income Fund by 26.7% in the first quarter. King Wealth Management Group now owns 19,000 shares of the closed-end fund's stock worth $204,000 after acquiring an additional 4,000 shares during the last quarter. Kaizen Financial Strategies lifted its stake in AllianceBernstein Global High Income Fund by 65.6% in the first quarter. Kaizen Financial Strategies now owns 22,926 shares of the closed-end fund's stock worth $246,000 after acquiring an additional 9,084 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its stake in AllianceBernstein Global High Income Fund by 147.9% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 28,440 shares of the closed-end fund's stock worth $305,000 after acquiring an additional 16,968 shares during the last quarter.

AllianceBernstein Global High Income Fund Stock Down 0.5%

AllianceBernstein Global High Income Fund stock traded down $0.06 during trading on Thursday, reaching $11.21. The stock had a trading volume of 221,230 shares, compared to its average volume of 197,769. AllianceBernstein Global High Income Fund, Inc. has a 52-week low of $9.30 and a 52-week high of $11.36. The business has a 50 day moving average price of $11.15 and a 200 day moving average price of $10.83.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, September 19th. Investors of record on Thursday, September 4th will be paid a $0.0655 dividend. The ex-dividend date is Thursday, September 4th. This represents a c) dividend on an annualized basis 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.