AllianceBernstein Global High Income Fund (NYSE:AWF) VP Gershon Distenfeld Acquires 1,593 Shares of Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) VP Gershon Distenfeld purchased 1,593 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Thursday, January 22nd. The stock was acquired at an average cost of $10.60 per share, with a total value of $16,885.80. Following the acquisition, the vice president directly owned 20,263 shares in the company, valued at $214,787.80. This trade represents a 8.53% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

AllianceBernstein Global High Income Fund Trading Up 0.2%

Shares of AWF stock opened at $10.20 on Wednesday. AllianceBernstein Global High Income Fund, Inc. has a 12-month low of $9.71 and a 12-month high of $11.43. The business’s 50 day moving average is $10.36 and its two-hundred day moving average is $10.67.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of large investors have recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC lifted its holdings in AllianceBernstein Global High Income Fund by 5.0% during the first quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund’s stock valued at $462,000 after purchasing an additional 2,050 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth about $168,000. Northwestern Mutual Wealth Management Co. lifted its stake in AllianceBernstein Global High Income Fund by 8.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 18,233 shares of the closed-end fund’s stock valued at $201,000 after buying an additional 1,446 shares in the last quarter. Raymond James Financial Inc. lifted its stake in AllianceBernstein Global High Income Fund by 16.4% in the 2nd quarter. Raymond James Financial Inc. now owns 459,747 shares of the closed-end fund’s stock valued at $5,071,000 after buying an additional 64,791 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in AllianceBernstein Global High Income Fund by 11.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 81,352 shares of the closed-end fund’s stock worth $892,000 after buying an additional 8,622 shares during the last quarter.

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.