Emilie Wrapp Purchases 3,432 Shares of AllianceBernstein Global High Income Fund (NYSE:AWF) Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Director Emilie Wrapp acquired 3,432 shares of the stock in a transaction on Tuesday, July 21st. The shares were purchased at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the transaction, the director owned 5,825 shares in the company, valued at approximately $59,356.75. This represents a 143.42% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

AllianceBernstein Global High Income Fund Price Performance

NYSE:AWF traded up $0.06 during trading hours on Tuesday, hitting $10.12. 119,636 shares of the stock traded hands, compared to its average volume of 368,585. The firm has a 50 day moving average price of $10.19 and a 200 day moving average price of $10.33. AllianceBernstein Global High Income Fund, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

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

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC grew its stake in AllianceBernstein Global High Income Fund by 5.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund’s stock valued at $462,000 after acquiring an additional 2,050 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter worth approximately $168,000. Raymond James Financial Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 16.4% during the second quarter. Raymond James Financial Inc. now owns 459,747 shares of the closed-end fund’s stock worth $5,071,000 after purchasing an additional 64,791 shares during the period. Ameriprise Financial Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 11.9% during the second quarter. Ameriprise Financial Inc. now owns 81,352 shares of the closed-end fund’s stock worth $892,000 after purchasing an additional 8,622 shares during the period. Finally, Bank of America Corp DE boosted its holdings 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 worth $9,918,000 after purchasing an additional 49,624 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.