McGowan Group Asset Management Inc. Has $41.90 Million Holdings in AllianceBernstein Global High Income Fund, Inc. $AWF

McGowan Group Asset Management Inc. lowered its stake in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,738,033 shares of the closed-end fund’s stock after selling 64,010 shares during the period. AllianceBernstein Global High Income Fund accounts for 5.2% of McGowan Group Asset Management Inc.’s holdings, making the stock its 3rd largest holding. McGowan Group Asset Management Inc. owned approximately 4.33% of AllianceBernstein Global High Income Fund worth $41,903,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of AWF. Newbridge Financial Services Group Inc. bought a new position in shares of AllianceBernstein Global High Income Fund in the 2nd quarter valued at $32,000. Allworth Financial LP bought a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter worth $44,000. MAI Capital Management increased its holdings in AllianceBernstein Global High Income Fund by 370.0% in the 3rd quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock worth $85,000 after purchasing an additional 5,957 shares in the last quarter. J.W. Cole Advisors Inc. increased its holdings in AllianceBernstein Global High Income Fund by 10.2% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 13,428 shares of the closed-end fund’s stock worth $148,000 after purchasing an additional 1,246 shares in the last quarter. Finally, Nemes Rush Group LLC bought a new position in AllianceBernstein Global High Income Fund in the second quarter valued at about $155,000.

AllianceBernstein Global High Income Fund Price Performance

Shares of AWF stock opened at $10.13 on Thursday. The business’s 50-day moving average price is $10.57 and its 200-day moving average price is $10.83. AllianceBernstein Global High Income Fund, Inc. has a 12 month low of $9.30 and a 12 month high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, March 20th. Shareholders of record on Thursday, March 5th will be given a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date is Thursday, March 5th.

AllianceBernstein Global High Income Fund 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.