Readystate Asset Management LP reduced its stake in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF – Free Report) by 65.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,812 shares of the closed-end fund’s stock after selling 93,662 shares during the period. Readystate Asset Management LP owned approximately 0.06% of AllianceBernstein Global High Income Fund worth $513,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of AllianceBernstein Global High Income Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock valued at $12,727,000 after acquiring an additional 11,182 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of AllianceBernstein Global High Income Fund by 6,487.3% during the 4th 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. boosted its position in shares of AllianceBernstein Global High Income Fund by 18.8% during the 4th 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. Bank of America Corp DE increased its holdings in AllianceBernstein Global High Income Fund by 5.8% in the 2nd quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock valued at $9,918,000 after purchasing an additional 49,624 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in AllianceBernstein Global High Income Fund by 21.6% in the 3rd quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock valued at $6,267,000 after purchasing an additional 99,303 shares during the last quarter.
AllianceBernstein Global High Income Fund Price Performance
Shares of NYSE AWF opened at $10.04 on Tuesday. The business’s 50 day moving average is $10.14 and its two-hundred day moving average is $10.22. AllianceBernstein Global High Income Fund, Inc. has a 52-week low of $9.85 and a 52-week high of $11.43.
AllianceBernstein Global High Income Fund Dividend Announcement
Insider Activity
In other news, Director Emilie Wrapp acquired 3,432 shares of the business’s stock in a transaction that occurred on Tuesday, July 21st. The shares were purchased at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the acquisition, the director owned 5,825 shares of the company’s stock, valued at $59,356.75. This represents a 143.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.00% of the company’s stock.
AllianceBernstein Global High Income Fund 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.
Featured Stories
- Five stocks we like better than AllianceBernstein Global High Income Fund
- 3 Under-the-Radar Defense Stocks With Record Backlogs
- This Korea ETF Has Soared, But the Rally May Not Be Over
- Why Guidewire’s Post-Earnings Plunge May Not Last
- Ride-Share Reckoning: Tesla Drives Into Uber’s Lane
Want to see what other hedge funds are holding AWF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF – Free Report).
Receive News & Ratings for AllianceBernstein Global High Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AllianceBernstein Global High Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
