Shaker Financial Services LLC lifted its stake in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) by 168.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 157,981 shares of the closed-end fund's stock after purchasing an additional 99,177 shares during the quarter. Shaker Financial Services LLC owned about 0.18% of AllianceBernstein Global High Income Fund worth $1,695,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Huntleigh Advisors Inc. purchased a new position in AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $13,519,000. Raymond James Financial Inc. purchased a new position in AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $3,832,000. Cetera Investment Advisers raised its position in AllianceBernstein Global High Income Fund by 163.4% during the 4th quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund's stock worth $898,000 after buying an additional 51,893 shares during the last quarter. Invesco Ltd. raised its position in AllianceBernstein Global High Income Fund by 6.3% during the 4th quarter. Invesco Ltd. now owns 863,794 shares of the closed-end fund's stock worth $9,269,000 after buying an additional 50,936 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $432,000.
AllianceBernstein Global High Income Fund Stock Performance
AWF traded up $0.02 during trading on Friday, reaching $11.15. 129,092 shares of the company's stock were exchanged, compared to its average volume of 195,848. AllianceBernstein Global High Income Fund, Inc. has a 1 year low of $9.30 and a 1 year high of $11.36. The company's fifty day simple moving average is $10.99 and its 200-day simple moving average is $10.78.
AllianceBernstein Global High Income Fund Dividend Announcement
The company also recently disclosed a monthly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, August 7th will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, August 7th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%.
AllianceBernstein Global High Income Fund Profile
(
Free Report)
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.
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