AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.93 and traded as low as $10.57. AllianceBernstein Global High Income Fund shares last traded at $10.5750, with a volume of 266,530 shares traded.

AllianceBernstein Global High Income Fund Stock Down 0.9%

The stock has a fifty day moving average price of $10.68 and a 200-day moving average price of $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 20th. Shareholders of record on Thursday, February 5th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of large investors have recently modified their holdings of AWF. Newbridge Financial Services Group Inc. purchased a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter valued at approximately $32,000. Ameritas Advisory Services LLC acquired a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at $33,000. Allworth Financial LP acquired a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at $44,000. CWM LLC boosted its position in shares of AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock worth $47,000 after purchasing an additional 1,733 shares in the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $47,000.

About AllianceBernstein Global High Income Fund

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.