Shaker Financial Services LLC Sells 93,476 Shares of AllianceBernstein Global High Income Fund, Inc. $AWF

Shaker Financial Services LLC lessened its stake in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) by 32.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 193,518 shares of the closed-end fund’s stock after selling 93,476 shares during the period. Shaker Financial Services LLC owned about 0.22% of AllianceBernstein Global High Income Fund worth $1,883,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp bought a new position in shares of AllianceBernstein Global High Income Fund during the first quarter worth about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at about $173,000. Procyon Advisors LLC bought a new stake in AllianceBernstein Global High Income Fund in the first quarter valued at about $335,000. Global Retirement Partners LLC acquired a new stake in AllianceBernstein Global High Income Fund during the second quarter valued at approximately $398,000. Finally, HighTower Advisors LLC acquired a new stake in AllianceBernstein Global High Income Fund during the second quarter valued at approximately $414,000.

Insider Activity

In other news, Director Emilie Wrapp acquired 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the purchase, the director directly owned 5,825 shares of the company’s stock, valued at $59,356.75. This trade represents a 143.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

AllianceBernstein Global High Income Fund Trading Down 1.2%

NYSE:AWF traded down $0.12 during trading hours on Wednesday, reaching $9.45. 319,258 shares of the stock were exchanged, compared to its average volume of 347,939. The firm has a 50 day simple moving average of $9.95 and a 200-day simple moving average of $10.12. AllianceBernstein Global High Income Fund, Inc. has a 52 week low of $9.41 and a 52 week high of $11.10.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 16th. Investors of record on Thursday, October 1st will be given a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, October 1st.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income by investing primarily in a globally diversified portfolio of fixed-income securities.

Its investments generally include below-investment-grade corporate bonds, emerging-market debt, and other higher-yielding securities issued by corporations, governments, and government-related entities. The portfolio may include both U.S.