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

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 $11.00 and traded as low as $10.80. AllianceBernstein Global High Income Fund shares last traded at $10.86, with a volume of 153,048 shares.

AllianceBernstein Global High Income Fund Trading Up 0.6%

The business has a 50-day moving average price of $11.10 and a 200-day moving average price of $11.00.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, November 21st. Investors of record on Thursday, November 6th will be given a dividend of $0.0655 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Thursday, November 6th.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Large investors have recently modified their holdings of the business. Gridiron Partners LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter valued at approximately $463,000. Smith Asset Management Co. LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the first quarter worth $4,567,000. Invesco Ltd. lifted its stake in shares of AllianceBernstein Global High Income Fund by 22.5% during the first quarter. Invesco Ltd. now owns 1,058,145 shares of the closed-end fund’s stock worth $11,354,000 after buying an additional 194,351 shares during the period. Shaker Financial Services LLC increased its position in shares of AllianceBernstein Global High Income Fund by 168.7% in the 1st quarter. Shaker Financial Services LLC now owns 157,981 shares of the closed-end fund’s stock valued at $1,695,000 after acquiring an additional 99,177 shares during the period. Finally, 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 worth $5,071,000 after acquiring an additional 64,791 shares during the last quarter.

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.