AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.30 and traded as low as $10.07. AllianceBernstein Global High Income Fund shares last traded at $10.1150, with a volume of 259,396 shares.

AllianceBernstein Global High Income Fund Price Performance

The business’s fifty day moving average price is $10.17 and its two-hundred day moving average price is $10.30.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, August 6th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Insiders Place Their Bets

In other news, Director Emilie D. Wrapp bought 3,432 shares of the stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the purchase, the director directly owned 5,825 shares in the company, valued at approximately $59,356.75. The trade was a 143.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of AllianceBernstein Global High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its holdings in shares of AllianceBernstein Global High Income Fund by 6,487.3% during the fourth 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 acquiring an additional 1,182,821 shares in the last quarter. Independent Financial Group LLC acquired a new stake in AllianceBernstein Global High Income Fund in the 1st quarter worth approximately $1,943,000. Invesco Ltd. boosted 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 purchasing an additional 163,009 shares in the last quarter. Absolute Investment Advisers LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $1,460,000. Finally, Wolverine Asset Management LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 4th quarter worth approximately $1,510,000.

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.