AllianceBernstein Global High Income Fund (NYSE:AWF) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.28 and traded as low as $10.11. AllianceBernstein Global High Income Fund shares last traded at $10.1350, with a volume of 389,588 shares trading hands.

AllianceBernstein Global High Income Fund Trading Down 0.4%

The stock has a fifty day moving average price of $10.16 and a 200-day moving average price of $10.28.

AllianceBernstein Global High Income Fund Dividend Announcement

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

Insiders Place Their Bets

In other AllianceBernstein Global High Income Fund news, Director Emilie D. Wrapp acquired 3,432 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the purchase, the director directly owned 5,825 shares in the company, 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 SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

A number of hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in AllianceBernstein Global High Income Fund during the 1st quarter worth $25,000. CWM LLC raised its position in AllianceBernstein Global High Income Fund by 64.3% in the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 1,733 shares during the period. Advisory Services Network LLC purchased a new position in AllianceBernstein Global High Income Fund in the third quarter valued at about $47,000. Kestra Private Wealth Services LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the third quarter worth about $113,000. Finally, Dumont & Blake Investment Advisors LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth about $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.