Independent Financial Group LLC Acquires New Position in AllianceBernstein Global High Income Fund, Inc. $AWF

Independent Financial Group LLC bought a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) in the 1st quarter, Holdings Channel reports. The fund bought 191,047 shares of the closed-end fund’s stock, valued at approximately $1,943,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its holdings in AllianceBernstein Global High Income Fund by 2.7% during the fourth quarter. Royal Bank of Canada now owns 1,240,242 shares of the closed-end fund’s stock valued at $13,258,000 after purchasing an additional 32,747 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock worth $12,839,000 after purchasing an additional 1,182,821 shares in the last quarter. Invesco Ltd. raised its position in shares of AllianceBernstein Global High Income Fund by 18.8% during the 4th quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock valued at $11,024,000 after purchasing an additional 163,009 shares during the period. Bank of America Corp DE raised its position in shares of AllianceBernstein Global High Income Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock valued at $9,918,000 after purchasing an additional 49,624 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of AllianceBernstein Global High Income Fund by 21.6% during the 3rd quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock valued at $6,267,000 after buying an additional 99,303 shares in the last quarter.

AllianceBernstein Global High Income Fund Stock Down 0.0%

Shares of AllianceBernstein Global High Income Fund stock opened at $10.12 on Monday. The company has a fifty day moving average of $10.19 and a 200 day moving average of $10.35. AllianceBernstein Global High Income Fund, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, July 2nd were given a $0.0655 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date was Thursday, July 2nd.

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.