AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.93 and traded as low as $10.57. AllianceBernstein Global High Income Fund shares last traded at $10.5750, with a volume of 266,530 shares.

AllianceBernstein Global High Income Fund Stock Down 0.9%

The firm has a fifty day moving average price of $10.68 and a 200 day moving average price of $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, February 20th. Stockholders of record on Thursday, February 5th will be given a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Thursday, February 5th.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Several hedge funds have recently bought and sold shares of the company. Newbridge Financial Services Group Inc. bought a new position in AllianceBernstein Global High Income Fund during the second quarter worth about $32,000. Ameritas Advisory Services LLC acquired a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter valued at $33,000. Allworth Financial LP acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth about $44,000. CWM LLC lifted its position in AllianceBernstein Global High Income Fund by 64.3% during the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 1,733 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the third quarter worth approximately $47,000.

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.