Gershon Distenfeld Sells 5,462 Shares of AllianceBernstein Global High Income Fund (NYSE:AWF) Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) VP Gershon Distenfeld sold 5,462 shares of the business’s stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.57, for a total value of $57,733.34. Following the completion of the sale, the vice president directly owned 14,801 shares in the company, valued at approximately $156,446.57. This represents a 26.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

AllianceBernstein Global High Income Fund Stock Up 1.3%

Shares of AWF stock opened at $10.35 on Thursday. The stock’s fifty day simple moving average is $10.36 and its 200 day simple moving average is $10.66. AllianceBernstein Global High Income Fund, Inc. has a one year low of $9.71 and a one year high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 17th. Investors of record on Thursday, April 2nd will be paid a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a c) annualized dividend and a yield of 7.6%.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors have recently bought and sold shares of the stock. Investment Research Partners LLC acquired a new stake in AllianceBernstein Global High Income Fund in the 3rd quarter valued at $1,144,000. Gridiron Partners LLC acquired a new position in AllianceBernstein Global High Income Fund in the third quarter worth $463,000. Hennion & Walsh Asset Management Inc. boosted its stake in AllianceBernstein Global High Income Fund by 375.8% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund’s stock worth $1,453,000 after purchasing an additional 107,383 shares in the last quarter. Invested Advisors acquired a new position in AllianceBernstein Global High Income Fund in the third quarter worth $576,000. Finally, Concurrent Investment Advisors LLC boosted its stake in AllianceBernstein Global High Income Fund by 4.9% in the third quarter. Concurrent Investment Advisors LLC now owns 55,784 shares of the closed-end fund’s stock worth $625,000 after purchasing an additional 2,585 shares in the last quarter.

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.