AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Passes Below 200 Day Moving Average – Should You Sell?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.86 and traded as low as $10.37. AllianceBernstein Global High Income Fund shares last traded at $10.43, with a volume of 309,685 shares traded.

AllianceBernstein Global High Income Fund Trading Down 0.5%

The business has a 50 day simple moving average of $10.63 and a two-hundred day simple moving average of $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, March 5th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, March 5th. This represents a c) annualized dividend and a yield of 7.5%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AWF. Gridiron Partners LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter worth approximately $463,000. Northwestern Mutual Wealth Management Co. raised its stake in AllianceBernstein Global High Income Fund by 6,487.3% during 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 during the period. Invesco Ltd. raised its stake in AllianceBernstein Global High Income Fund by 18.8% during the fourth quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after purchasing an additional 163,009 shares during the period. Wolverine Asset Management LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the 4th quarter valued at $1,510,000. Finally, Hennion & Walsh Asset Management Inc. grew its stake in shares of AllianceBernstein Global High Income Fund by 375.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund’s stock valued at $1,453,000 after buying an additional 107,383 shares during the period.

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.