AllianceBernstein Global High Income Fund (NYSE:AWF) Share Price Crosses Below 200-Day Moving Average of $10.06

AllianceBernstein Global High Income Fund (NYSE:AWF)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.06 and traded as low as $10.03. AllianceBernstein Global High Income Fund shares last traded at $10.08, with a volume of 295,107 shares.

AllianceBernstein Global High Income Fund Price Performance

The company has a 50-day moving average price of $10.42 and a 200-day moving average price of $10.06.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, April 4th. This represents a $0.79 annualized dividend and a yield of 7.83%.

Insiders Place Their Bets

In other AllianceBernstein Global High Income Fund news, insider Emilie D. Wrapp bought 2,393 shares of AllianceBernstein Global High Income Fund stock in a transaction on Monday, March 18th. The shares were purchased at an average cost of $10.45 per share, for a total transaction of $25,006.85. Following the completion of the acquisition, the insider now owns 2,393 shares in the company, valued at approximately $25,006.85. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Money Concepts Capital Corp acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 4th quarter valued at about $28,000. Massmutual Trust Co. FSB ADV acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 4th quarter valued at about $31,000. Bogart Wealth LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter valued at about $33,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter valued at about $35,000. Finally, Comerica Bank acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter valued at about $45,000.

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.