ALLIANCE WORLD (NYSE:AWF) Position Boosted by HL Financial Services LLC
HL Financial Services LLC increased its position in shares of ALLIANCE WORLD (NYSE:AWF) by 33.3% during the second quarter, Holdings Channel reports. The fund owned 41,870 shares of the closed-end fund’s stock after buying an additional 10,450 shares during the period. HL Financial Services LLC’s holdings in ALLIANCE WORLD were worth $542,000 as of its most recent filing with the SEC.
Separately, Aviance Capital Partners LLC increased its stake in shares of ALLIANCE WORLD by 14.0% in the second quarter. Aviance Capital Partners LLC now owns 83,802 shares of the closed-end fund’s stock worth $1,084,000 after buying an additional 10,260 shares during the last quarter. Hedge funds and other institutional investors own 20.74% of the company’s stock.
Shares of ALLIANCE WORLD (AWF) opened at 12.76 on Friday. The stock’s 50 day moving average is $12.93 and its 200-day moving average is $12.77. ALLIANCE WORLD has a one year low of $11.25 and a one year high of $13.12.
The business also recently disclosed a monthly dividend, which will be paid on Friday, August 18th. Stockholders of record on Friday, August 4th will be issued a dividend of $0.0699 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.84 annualized dividend and a dividend yield of 6.57%. ALLIANCE WORLD’s dividend payout ratio (DPR) is currently 40.83%.
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In related news, Director Carol Mcmullen acquired 2,020 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were purchased at an average price of $12.80 per share, for a total transaction of $25,856.00. Following the completion of the acquisition, the director now directly owns 2,020 shares in the company, valued at approximately $25,856. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
ALLIANCE WORLD Company Profile
AllianceBernstein Global High Income Fund, Inc is a diversified, closed-end management investment company. The Fund seeks high current income, and secondarily, capital appreciation. The Fund invests without limit in securities denominated in non-united States currencies, as well as those denominated in the US dollar.
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