Sowa Financial Group Inc. Sells 69,696 Shares of AllianceBernstein Global High Income Fund, Inc. $AWF

Key Points

• Sowa Financial Group Inc. reduced its stake in AllianceBernstein Global High Income Fund by 37%, selling 69,696 shares and holding 118,802 shares after the sale.
• The fund's annualized dividend yield is 7.2%, with the most recent dividend payment of $0.0655 per share made to shareholders.
• AllianceBernstein Global High Income Fund's stock is currently trading at $10.86, showing a 0.4% decline, with a 52-week range between $9.30 and $11.43.

Sowa Financial Group Inc. lowered its holdings in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Free Report) by 37.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 118,802 shares of the closed-end fund's stock after selling 69,696 shares during the period. AllianceBernstein Global High Income Fund accounts for approximately 0.8% of Sowa Financial Group Inc.'s holdings, making the stock its 16th largest position. Sowa Financial Group Inc. owned about 0.14% of AllianceBernstein Global High Income Fund worth $1,310,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. WPG Advisers LLC bought a new position in AllianceBernstein Global High Income Fund during the first quarter worth about $25,000. Ameritas Advisory Services LLC bought a new position in AllianceBernstein Global High Income Fund during the second quarter worth about $33,000. Geneos Wealth Management Inc. grew its holdings in AllianceBernstein Global High Income Fund by 570.2% during the first quarter. Geneos Wealth Management Inc. now owns 10,616 shares of the closed-end fund's stock worth $114,000 after purchasing an additional 9,032 shares during the period. Martin Capital Partners LLC bought a new position in AllianceBernstein Global High Income Fund during the second quarter worth about $123,000. Finally, Integris Wealth Management LLC grew its holdings 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 worth $161,000 after purchasing an additional 3,000 shares during the period.

AllianceBernstein Global High Income Fund Trading Down 0.4%

AllianceBernstein Global High Income Fund stock opened at $10.86 on Monday. AllianceBernstein Global High Income Fund, Inc. has a 52 week low of $9.30 and a 52 week high of $11.43. The stock has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $10.90.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, October 17th. Shareholders of record on Thursday, October 2nd were given a dividend of $0.0655 per share. The ex-dividend date was Thursday, October 2nd. This represents a c) annualized dividend and a yield of 7.2%.

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.

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