Insider Buying: AllianceBernstein Global High Income Fund (NYSE:AWF) VP Purchases 1,593 Shares of Stock

Key Points

• VP Gershon Distenfeld purchased 1,593 shares of AllianceBernstein Global High Income Fund on Jan. 22 at $10.60 per share (total $16,885.80), increasing his stake by 8.53% to 20,263 shares (~$214,788); the trade was disclosed in an SEC filing.
• The fund declared a monthly dividend of $0.0655 per share, with an ex-dividend and record date of April 2 and a payable date of April 17, implying an annualized yield of about 7.7%.
• AWF traded at $10.20 (up $0.03) on the latest session with volume of 390,301 shares, and the 12‑month range is $9.71–$11.43; several institutional investors have recently initiated or increased positions in the fund.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) VP Gershon Distenfeld acquired 1,593 shares of the stock in a transaction dated Thursday, January 22nd. The stock was acquired at an average price of $10.60 per share, for a total transaction of $16,885.80. Following the purchase, the vice president directly owned 20,263 shares in the company, valued at approximately $214,787.80. This trade represents a 8.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

AllianceBernstein Global High Income Fund Trading Up 0.2%

AWF traded up $0.03 during trading on Tuesday, reaching $10.20. 390,301 shares of the company traded hands, compared to its average volume of 350,109. AllianceBernstein Global High Income Fund, Inc. has a 12-month low of $9.71 and a 12-month high of $11.43. The firm has a fifty day simple moving average of $10.37 and a 200 day simple moving average of $10.67.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Investment Research Partners LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the third quarter valued at $1,144,000. Gridiron Partners LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the third quarter valued at $463,000. Hennion & Walsh Asset Management Inc. grew its holdings in shares of AllianceBernstein Global High Income Fund by 375.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund's stock valued at $1,453,000 after purchasing an additional 107,383 shares in the last quarter. Invested Advisors purchased a new position in shares of AllianceBernstein Global High Income Fund in the third quarter valued at $576,000. Finally, Kaizen Financial Strategies grew its holdings in shares of AllianceBernstein Global High Income Fund by 9.8% in the fourth quarter. Kaizen Financial Strategies now owns 42,337 shares of the closed-end fund's stock valued at $453,000 after purchasing an additional 3,795 shares in the last quarter.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund NYSE: AWF is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.

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