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

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.51 and traded as low as $10.14. AllianceBernstein Global High Income Fund shares last traded at $10.2470, with a volume of 925,922 shares changing hands.

AllianceBernstein Global High Income Fund Stock Up 0.3%

The stock has a fifty day moving average price of $10.24 and a two-hundred day moving average price of $10.51.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, May 15th. Stockholders of record on Thursday, May 7th were issued a $0.0655 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date was Thursday, May 7th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new stake in AllianceBernstein Global High Income Fund during the first quarter worth $25,000. CWM LLC lifted its holdings 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 period. Advisory Services Network LLC bought a new stake in AllianceBernstein Global High Income Fund during the third quarter worth $47,000. Strategic Advocates LLC bought a new stake in AllianceBernstein Global High Income Fund during the third quarter worth $59,000. Finally, MAI Capital Management lifted its holdings in 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 period.

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.