AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.30 and traded as low as $10.07. AllianceBernstein Global High Income Fund shares last traded at $10.1150, with a volume of 259,396 shares changing hands.

AllianceBernstein Global High Income Fund Trading Up 0.0%

The company’s 50-day simple moving average is $10.17 and its 200-day simple moving average is $10.30.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Stockholders of record on Thursday, August 6th will be paid a dividend of $0.0655 per share. The ex-dividend date is Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Insider Activity

In other news, Director Emilie D. Wrapp bought 3,432 shares of the company’s stock in a transaction dated Tuesday, July 21st. The shares were bought at an average cost of $10.19 per share, with a total value of $34,972.08. Following the acquisition, the director owned 5,825 shares in the company, valued at $59,356.75. This trade represents a 143.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC boosted its stake in shares of AllianceBernstein Global High Income Fund by 5.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund’s stock worth $462,000 after acquiring an additional 2,050 shares during the period. XTX Topco Ltd bought a new stake in AllianceBernstein Global High Income Fund in the 2nd quarter valued at $168,000. Raymond James Financial Inc. raised 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 acquiring an additional 64,791 shares during the period. Ameriprise Financial Inc. lifted its holdings in AllianceBernstein Global High Income Fund by 11.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 81,352 shares of the closed-end fund’s stock valued at $892,000 after purchasing an additional 8,622 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in 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 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.