AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) 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 changing hands.

AllianceBernstein Global High Income Fund Price Performance

The firm has a 50 day moving average of $10.67 and a two-hundred day moving average of $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 5th will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, February 5th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Institutional Trading of AllianceBernstein Global High Income Fund

Several institutional investors have recently bought and sold shares of AWF. Newbridge Financial Services Group Inc. purchased a new position in AllianceBernstein Global High Income Fund in the second quarter worth about $32,000. Ameritas Advisory Services LLC bought a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter valued at approximately $33,000. Allworth Financial LP purchased a new position in AllianceBernstein Global High Income Fund in the 2nd quarter worth approximately $44,000. CWM LLC lifted its position in AllianceBernstein Global High Income Fund by 64.3% in the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 1,733 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $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.