AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below 200-Day Moving Average of $10.06

AllianceBernstein Global High Income Fund (NYSE:AWF) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.06 and traded as low as $10.03. AllianceBernstein Global High Income Fund shares last traded at $10.08, with a volume of 295,107 shares.

AllianceBernstein Global High Income Fund Trading Up 1.0 %

The firm has a fifty day simple moving average of $10.43 and a 200 day simple moving average of $10.06.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, April 5th will be issued a $0.0655 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.80%.

Insider Activity

In related news, insider Emilie D. Wrapp purchased 2,393 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were acquired at an average cost of $10.45 per share, for a total transaction of $25,006.85. Following the acquisition, the insider now owns 2,393 shares of the company’s stock, valued at approximately $25,006.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of institutional investors have recently made changes to their positions in AWF. Vivaldi Capital Management LP acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 4th quarter worth $1,294,000. Bank of America Corp DE boosted its position in shares of AllianceBernstein Global High Income Fund by 7.8% in the 1st quarter. Bank of America Corp DE now owns 1,722,378 shares of the closed-end fund’s stock worth $16,742,000 after purchasing an additional 124,215 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 1st quarter worth $1,025,000. Shaker Financial Services LLC acquired a new stake in AllianceBernstein Global High Income Fund during the 4th quarter worth about $1,068,000. Finally, Saba Capital Management L.P. acquired a new stake in AllianceBernstein Global High Income Fund during the 1st quarter worth about $1,093,000.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.