86,985 Shares in AllianceBernstein Global High Income Fund, Inc. $AWF Purchased by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) during the first quarter, HoldingsChannel reports. The fund acquired 86,985 shares of the closed-end fund’s stock, valued at approximately $885,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AWF. Northwestern Mutual Wealth Management Co. grew its position in shares of 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 worth $12,839,000 after buying an additional 1,182,821 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at $1,943,000. Invesco Ltd. raised its stake in AllianceBernstein Global High Income Fund by 18.8% in the 4th quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after acquiring an additional 163,009 shares during the last quarter. Absolute Investment Advisers LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the first quarter worth about $1,460,000. Finally, Wolverine Asset Management LLC purchased a new position in AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $1,510,000.

Insider Buying and Selling at AllianceBernstein Global High Income Fund

In other news, Director Emilie D. Wrapp bought 3,432 shares of the firm’s stock in a transaction that occurred on Tuesday, July 21st. The stock was purchased at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the purchase, the director directly owned 5,825 shares in the company, valued at approximately $59,356.75. This trade represents a 143.42% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

AllianceBernstein Global High Income Fund Price Performance

Shares of AllianceBernstein Global High Income Fund stock opened at $10.07 on Thursday. The firm has a fifty day moving average price of $10.19 and a 200 day moving average price of $10.32. AllianceBernstein Global High Income Fund, Inc. has a 1 year low of $9.85 and a 1 year high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Thursday, August 6th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, August 6th.

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.