AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $10.21 and traded as high as $10.22. AllianceBernstein Global High Income Fund shares last traded at $10.1250, with a volume of 646,494 shares trading hands.

AllianceBernstein Global High Income Fund Stock Down 0.0%

The company has a 50 day moving average price of $10.21 and a 200 day moving average price of $10.37.

AllianceBernstein Global High Income Fund Announces Dividend

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

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently made changes to their positions in the stock. Investment Research Partners LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund in the 3rd quarter valued at approximately $1,144,000. Wolverine Asset Management LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $1,510,000. Hennion & Walsh Asset Management Inc. increased its holdings in AllianceBernstein Global High Income Fund by 375.8% in the 4th 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 during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in AllianceBernstein Global High Income Fund by 6,487.3% in 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. Finally, Shaker Financial Services LLC raised its position in AllianceBernstein Global High Income Fund by 62.9% in the fourth quarter. Shaker Financial Services LLC now owns 214,193 shares of the closed-end fund’s stock valued at $2,304,000 after purchasing an additional 82,709 shares during the period.

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.