Smith Asset Management Co. LLC Invests $4.57 Million in AllianceBernstein Global High Income Fund, Inc. $AWF

Key Points

• Smith Asset Management Co. LLC has invested approximately $4.57 million in AllianceBernstein Global High Income Fund, acquiring 425,597 shares, which now represents 4.3% of its portfolio.
• AllianceBernstein Global High Income Fund recently announced a monthly dividend of $0.0655, translating to an annualized yield of approximately 7.0%.
• The fund's stock has shown notable performance, with a one-year range between a low of $9.30 and a high of $11.36, closing at $11.29 recently.

Smith Asset Management Co. LLC acquired a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 425,597 shares of the closed-end fund's stock, valued at approximately $4,567,000. AllianceBernstein Global High Income Fund accounts for 4.3% of Smith Asset Management Co. LLC's portfolio, making the stock its 5th biggest holding. Smith Asset Management Co. LLC owned 0.49% of AllianceBernstein Global High Income Fund as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. WPG Advisers LLC acquired a new stake in AllianceBernstein Global High Income Fund during the first quarter valued at $25,000. Integris Wealth Management LLC grew its position in AllianceBernstein Global High Income Fund by 25.0% during the first quarter. Integris Wealth Management LLC now owns 15,000 shares of the closed-end fund's stock valued at $161,000 after buying an additional 3,000 shares during the period. Calamos Advisors LLC acquired a new stake in AllianceBernstein Global High Income Fund during the first quarter valued at $180,000. King Wealth Management Group grew its position in AllianceBernstein Global High Income Fund by 26.7% during the first quarter. King Wealth Management Group now owns 19,000 shares of the closed-end fund's stock valued at $204,000 after buying an additional 4,000 shares during the period. Finally, Kaizen Financial Strategies grew its position in AllianceBernstein Global High Income Fund by 65.6% during the first quarter. Kaizen Financial Strategies now owns 22,926 shares of the closed-end fund's stock valued at $246,000 after buying an additional 9,084 shares during the period.

AllianceBernstein Global High Income Fund Stock Performance

AWF stock opened at $11.29 on Tuesday. The firm's fifty day moving average is $11.14 and its 200 day moving average is $10.82. AllianceBernstein Global High Income Fund, Inc. has a one year low of $9.30 and a one year high of $11.36.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 19th. Stockholders of record on Thursday, September 4th will be given a $0.0655 dividend. The ex-dividend date is Thursday, September 4th. This represents a c) annualized dividend and a dividend yield of 7.0%.

About AllianceBernstein Global High Income Fund

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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