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

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.98 and traded as low as $10.51. AllianceBernstein Global High Income Fund shares last traded at $10.5350, with a volume of 686,088 shares traded.

AllianceBernstein Global High Income Fund Stock Performance

The company has a 50 day moving average price of $10.71 and a 200-day moving average price of $10.98.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed an annual dividend, which was paid on Friday, January 16th. Shareholders of record on Thursday, January 8th were given a dividend of $0.0488 per share. This represents a yield of 188.0%. The ex-dividend date of this dividend was Thursday, January 8th.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Integrated Wealth Concepts LLC boosted its stake in shares of AllianceBernstein Global High Income Fund by 5.0% during the 1st quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund’s stock valued at $462,000 after purchasing an additional 2,050 shares in the last quarter. Uncommon Cents Investing LLC lifted its holdings in AllianceBernstein Global High Income Fund by 5.9% in the second quarter. Uncommon Cents Investing LLC now owns 329,140 shares of the closed-end fund’s stock worth $3,630,000 after buying an additional 18,365 shares during the period. Ameritas Advisory Services LLC bought a new stake in AllianceBernstein Global High Income Fund during the 2nd quarter valued at approximately $33,000. Atria Wealth Solutions Inc. grew its holdings in shares of AllianceBernstein Global High Income Fund by 2.8% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 43,092 shares of the closed-end fund’s stock worth $476,000 after acquiring an additional 1,174 shares during the period. Finally, Kovack Advisors Inc. bought a new position in shares of AllianceBernstein Global High Income Fund in the 2nd quarter worth approximately $126,000.

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.