Insider Selling: AllianceBernstein Global High Income Fund (NYSE:AWF) VP Sells 5,462 Shares of Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) VP Gershon Distenfeld sold 5,462 shares of AllianceBernstein Global High Income Fund stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $10.57, for a total value of $57,733.34. Following the sale, the vice president directly owned 14,801 shares in the company, valued at $156,446.57. The trade was a 26.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

AllianceBernstein Global High Income Fund Stock Performance

Shares of AWF stock traded up $0.03 during mid-day trading on Tuesday, reaching $10.20. 390,301 shares of the stock traded hands, compared to its average volume of 350,109. The stock’s fifty day simple moving average is $10.37 and its two-hundred day simple moving average is $10.67. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.71 and a 1-year high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be paid a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, April 2nd.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of hedge funds have recently made changes to their positions in the company. Newbridge Financial Services Group Inc. bought a new position in shares of AllianceBernstein Global High Income Fund during the second quarter worth about $32,000. CWM LLC raised its position in shares of 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. Advisory Services Network LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the third quarter worth about $47,000. Strategic Advocates LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the third quarter worth about $59,000. Finally, MAI Capital Management raised its position in shares of AllianceBernstein Global High Income Fund by 370.0% during the third quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock worth $85,000 after acquiring an additional 5,957 shares during the last quarter.

About AllianceBernstein Global High Income Fund

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.