AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.91 and traded as low as $10.62. AllianceBernstein Global High Income Fund shares last traded at $10.6350, with a volume of 262,886 shares trading hands.

AllianceBernstein Global High Income Fund Stock Down 0.2%

The firm’s 50 day moving average is $10.65 and its two-hundred day moving average is $10.90.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 20th. Stockholders of record on Thursday, February 5th were paid a $0.0655 dividend. The ex-dividend date of this dividend was Thursday, February 5th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. acquired a new position in shares of AllianceBernstein Global High Income Fund in the 2nd quarter worth approximately $32,000. Allworth Financial LP bought a new position in AllianceBernstein Global High Income Fund during the second quarter worth $44,000. CWM LLC lifted its holdings in AllianceBernstein Global High Income Fund by 64.3% in the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after buying an additional 1,733 shares during the period. Advisory Services Network LLC acquired a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter worth about $47,000. Finally, Strategic Advocates LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter worth about $59,000.

AllianceBernstein Global High Income Fund Company Profile

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.