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.

Want to see what other hedge funds are holding AWF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ALLIANCE WORLD (NYSE:AWF).

Institutional Ownership by Quarter for ALLIANCE WORLD (NYSE:AWF)

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