Wolverine Asset Management LLC Takes Position in AllianceBernstein Global High Income Fund, Inc. $AWF

Wolverine Asset Management LLC bought a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) during the 4th quarter, Holdings Channel.com reports. The fund bought 141,274 shares of the closed-end fund’s stock, valued at approximately $1,510,000.

Other hedge funds have also recently modified their holdings of the company. Integrated Wealth Concepts LLC lifted its position in shares of AllianceBernstein Global High Income Fund by 5.0% in the first quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund’s stock worth $462,000 after buying an additional 2,050 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter worth about $168,000. Raymond James Financial Inc. lifted its position in shares of AllianceBernstein Global High Income Fund by 16.4% in the second quarter. Raymond James Financial Inc. now owns 459,747 shares of the closed-end fund’s stock worth $5,071,000 after buying an additional 64,791 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of AllianceBernstein Global High Income Fund by 11.9% in the second 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 in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of AllianceBernstein Global High Income Fund by 5.8% in the second quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock worth $9,918,000 after buying an additional 49,624 shares in the last quarter.

Insider Transactions at AllianceBernstein Global High Income Fund

In related news, VP Gershon M. 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. This represents a 26.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by insiders.

AllianceBernstein Global High Income Fund Trading Up 0.7%

NYSE:AWF opened at $10.32 on Wednesday. AllianceBernstein Global High Income Fund, Inc. has a 12 month low of $9.85 and a 12 month high of $11.43. The business’s 50-day moving average is $10.29 and its 200 day moving average is $10.58.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, May 7th will be paid a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a c) dividend on an annualized basis and a yield of 7.6%.

AllianceBernstein Global High Income Fund Company Profile

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.