AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Cross Below 200-Day Moving Average – Should You Sell?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.86 and traded as low as $10.37. AllianceBernstein Global High Income Fund shares last traded at $10.43, with a volume of 309,685 shares traded.

AllianceBernstein Global High Income Fund Price Performance

The firm’s 50-day simple moving average is $10.61 and its two-hundred day simple moving average is $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, March 20th. Investors of record on Thursday, March 5th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Gridiron Partners LLC acquired a new stake in AllianceBernstein Global High Income Fund in the third quarter worth about $463,000. Royal Bank of Canada boosted its stake in shares of AllianceBernstein Global High Income Fund by 2.7% in the 4th quarter. Royal Bank of Canada now owns 1,240,242 shares of the closed-end fund’s stock valued at $13,258,000 after purchasing an additional 32,747 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock valued at $12,839,000 after purchasing an additional 1,182,821 shares during the last quarter. Invesco Ltd. grew its position in shares of AllianceBernstein Global High Income Fund by 18.8% during the 4th quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after buying an additional 163,009 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of AllianceBernstein Global High Income Fund by 5.8% during the second quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock worth $9,918,000 after buying an additional 49,624 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.