AllianceBernstein Global High Income Fund (NYSE:AWF) VP Gershon Distenfeld Sells 5,462 Shares of Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) VP Gershon Distenfeld sold 5,462 shares of the company’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.57, for a total transaction of $57,733.34. Following the sale, the vice president owned 14,801 shares of the company’s stock, valued at $156,446.57. The trade was a 26.96% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

AllianceBernstein Global High Income Fund Trading Up 0.2%

AWF stock opened at $10.20 on Wednesday. The business’s 50-day moving average price is $10.36 and its two-hundred day moving average price is $10.67. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.71 and a 1-year high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, April 17th. Shareholders of record on Thursday, April 2nd will be issued a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in AWF. Invesco Ltd. grew its stake in shares of AllianceBernstein Global High Income Fund by 18.8% during the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after buying an additional 163,009 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of AllianceBernstein Global High Income Fund by 46.7% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 22,509 shares of the closed-end fund’s stock worth $241,000 after buying an additional 7,167 shares during the last quarter. Readystate Asset Management LP bought a new stake in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth $1,144,000. Cetera Investment Advisers grew its stake in shares of AllianceBernstein Global High Income Fund by 2.9% during the fourth quarter. Cetera Investment Advisers now owns 154,617 shares of the closed-end fund’s stock worth $1,653,000 after buying an additional 4,399 shares during the last quarter. Finally, Kovack Advisors Inc. grew its stake in shares of AllianceBernstein Global High Income Fund by 62.1% during the fourth quarter. Kovack Advisors Inc. now owns 19,313 shares of the closed-end fund’s stock worth $206,000 after buying an additional 7,402 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.