Massey Quick & Co. LLC Purchases New Holdings in Alliance World (AWF)
Massey Quick & Co. LLC purchased a new stake in Alliance World (NYSE:AWF) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,000 shares of the closed-end fund’s stock, valued at approximately $259,000.
Several other large investors have also added to or reduced their stakes in AWF. FCG Advisors LLC purchased a new stake in shares of Alliance World in the 2nd quarter valued at about $198,000. Allegis Investment Advisors LLC raised its holdings in shares of Alliance World by 5.7% in the 2nd quarter. Allegis Investment Advisors LLC now owns 17,276 shares of the closed-end fund’s stock valued at $224,000 after acquiring an additional 937 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Alliance World by 22.1% in the 2nd quarter. Citigroup Inc. now owns 18,678 shares of the closed-end fund’s stock valued at $242,000 after acquiring an additional 3,385 shares in the last quarter. Benchmark Capital Advisors purchased a new stake in shares of Alliance World in the 2nd quarter valued at about $295,000. Finally, Thrivent Financial For Lutherans raised its holdings in shares of Alliance World by 9,321.6% in the 2nd quarter. Thrivent Financial For Lutherans now owns 25,250 shares of the closed-end fund’s stock valued at $327,000 after acquiring an additional 24,982 shares in the last quarter. 19.05% of the stock is currently owned by hedge funds and other institutional investors.
Alliance World (NYSE:AWF) traded down 0.29% during mid-day trading on Friday, hitting $12.88. The company’s stock had a trading volume of 179,239 shares. Alliance World has a 52-week low of $11.25 and a 52-week high of $13.12. The company’s 50 day moving average is $12.94 and its 200-day moving average is $12.79.
The firm also recently disclosed a monthly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, September 8th were given a $0.0699 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $0.84 annualized dividend and a dividend yield of 6.51%. Alliance World’s payout ratio is 40.37%.
About Alliance World
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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