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

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.49 and traded as low as $10.32. AllianceBernstein Global High Income Fund shares last traded at $10.3250, with a volume of 131,262 shares.

AllianceBernstein Global High Income Fund Stock Performance

The business’s 50-day moving average is $10.26 and its two-hundred day moving average is $10.49.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 26th. Investors of record on Thursday, June 4th will be given a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date of this dividend is Thursday, June 4th.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently modified their holdings of the business. Fifth Third Bancorp bought a new stake in shares of AllianceBernstein Global High Income Fund during the 1st quarter valued at about $25,000. Advisory Services Network LLC bought a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $47,000. CWM LLC grew its position in shares of 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 buying an additional 1,733 shares during the last quarter. Strategic Advocates LLC bought a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $59,000. Finally, MAI Capital Management grew its position in shares of AllianceBernstein Global High Income Fund by 370.0% during the 3rd quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 5,957 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.