Absolute Investment Advisers LLC Acquires Shares of 143,544 AllianceBernstein Global High Income Fund, Inc. $AWF

Absolute Investment Advisers LLC purchased a new position in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) in the first quarter, Holdings Channel reports. The fund purchased 143,544 shares of the closed-end fund’s stock, valued at approximately $1,460,000.

Other large investors have also modified their holdings of the company. Royal Bank of Canada lifted its position in 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. increased its stake in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the fourth 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 period. Invesco Ltd. raised its stake in 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 valued at $11,024,000 after acquiring an additional 163,009 shares in the last quarter. Bank of America Corp DE boosted its position in AllianceBernstein Global High Income Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock worth $9,918,000 after acquiring an additional 49,624 shares during the period. Finally, Raymond James Financial Inc. grew its stake in shares of AllianceBernstein Global High Income Fund by 21.6% in the third quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock worth $6,267,000 after purchasing an additional 99,303 shares in the last quarter.

AllianceBernstein Global High Income Fund Stock Performance

Shares of NYSE AWF opened at $10.21 on Monday. The firm’s 50-day simple moving average is $10.25 and its 200 day simple moving average is $10.40. AllianceBernstein Global High Income Fund, Inc. has a fifty-two week low of $9.85 and a fifty-two week high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, July 17th. Investors of record on Thursday, July 2nd will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a c) annualized dividend and a yield of 7.7%.

AllianceBernstein Global High Income Fund 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.