AllianceBernstein Global High Income Fund (NYSE:AWF) Sets New 52-Week Low – What’s Next?

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) hit a new 52-week low on Wednesday . The company traded as low as $9.85 and last traded at $9.8550, with a volume of 26122 shares changing hands. The stock had previously closed at $9.89.

AllianceBernstein Global High Income Fund Price Performance

The firm has a 50-day simple moving average of $10.09 and a 200 day simple moving average of $10.18.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 16th. Shareholders of record on Thursday, October 1st will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, October 1st. This represents a c) annualized dividend and a yield of 8.0%.

Insider Activity

In other AllianceBernstein Global High Income Fund news, Director Emilie Wrapp bought 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction dated 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 purchase, the director owned 5,825 shares in the company, valued at $59,356.75. This represents a 143.42% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in AllianceBernstein Global High Income Fund by 0.9% during the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock worth $12,727,000 after acquiring an additional 11,182 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter valued at about $6,094,000. Landscape Capital Management L.L.C. acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 2nd quarter valued at about $2,400,000. Hennion & Walsh Asset Management Inc. lifted its position in shares of AllianceBernstein Global High Income Fund by 4.5% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 210,755 shares of the closed-end fund’s stock worth $2,171,000 after purchasing an additional 9,074 shares during the last quarter. Finally, Fiera Capital Corp grew its stake in AllianceBernstein Global High Income Fund by 12.9% in the fourth quarter. Fiera Capital Corp now owns 196,885 shares of the closed-end fund’s stock worth $2,105,000 after purchasing an additional 22,501 shares in the last quarter.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund, Inc (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund’s portfolio management and research capabilities.