AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.93 and traded as low as $10.57. AllianceBernstein Global High Income Fund shares last traded at $10.5750, with a volume of 266,530 shares changing hands.

AllianceBernstein Global High Income Fund Price Performance

The business has a 50 day moving average price of $10.67 and a two-hundred day moving average price of $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, February 20th. Shareholders of record on Thursday, February 5th will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, February 5th.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of AWF. Gridiron Partners LLC purchased a new position in AllianceBernstein Global High Income Fund during the third quarter valued at $463,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 6,487.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock valued at $12,839,000 after purchasing an additional 1,182,821 shares during the last quarter. Bank of America Corp DE grew its position in shares of AllianceBernstein Global High Income Fund by 5.8% during the second quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock valued at $9,918,000 after purchasing an additional 49,624 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of AllianceBernstein Global High Income Fund by 21.6% during the third quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock valued at $6,267,000 after purchasing an additional 99,303 shares in the last quarter. Finally, Uncommon Cents Investing LLC increased its holdings in shares of AllianceBernstein Global High Income Fund by 2.0% in the fourth quarter. Uncommon Cents Investing LLC now owns 343,840 shares of the closed-end fund’s stock worth $3,676,000 after purchasing an additional 6,900 shares during 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.