Insider Buying: AllianceBernstein Global High Income Fund (NYSE:AWF) Director Acquires $34,972.08 in Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Director Emilie Wrapp bought 3,432 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was purchased at an average cost of $10.19 per share, with a total value of $34,972.08. Following the completion of the transaction, the director directly owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. The trade was a 143.42% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

AllianceBernstein Global High Income Fund Trading Up 0.3%

AWF stock opened at $10.12 on Friday. AllianceBernstein Global High Income Fund, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $11.43. The stock has a fifty day moving average of $10.18 and a 200-day moving average of $10.31.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a c) annualized dividend and a yield of 7.8%.

Institutional Trading of AllianceBernstein Global High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in AllianceBernstein Global High Income Fund in the 1st quarter worth approximately $25,000. CWM LLC raised its holdings in AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $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 3rd quarter valued at $47,000. Kestra Private Wealth Services LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the third quarter worth $113,000. Finally, Dumont & Blake Investment Advisors LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth $152,000.

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.