AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below 200-Day Moving Average of $10.06

AllianceBernstein Global High Income Fund (NYSE:AWF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.06 and traded as low as $10.03. AllianceBernstein Global High Income Fund shares last traded at $10.08, with a volume of 295,107 shares.

AllianceBernstein Global High Income Fund Stock Up 1.0 %

The firm has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $10.06.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, April 5th will be paid a $0.0655 dividend. The ex-dividend date is Thursday, April 4th. This represents a $0.79 annualized dividend and a yield of 7.80%.

Insiders Place Their Bets

In related news, insider Emilie D. Wrapp bought 2,393 shares of the business’s stock in a transaction on Monday, March 18th. The stock was acquired at an average price of $10.45 per share, for a total transaction of $25,006.85. Following the purchase, the insider now directly owns 2,393 shares in the company, valued at $25,006.85. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of large investors have recently modified their holdings of the business. McGowan Group Asset Management Inc. boosted its position in shares of AllianceBernstein Global High Income Fund by 1.4% during the 3rd quarter. McGowan Group Asset Management Inc. now owns 4,434,108 shares of the closed-end fund’s stock valued at $43,011,000 after acquiring an additional 59,274 shares during the last quarter. Bank of America Corp DE boosted its position in shares of AllianceBernstein Global High Income Fund by 7.8% during the 1st quarter. Bank of America Corp DE now owns 1,722,378 shares of the closed-end fund’s stock valued at $16,742,000 after acquiring an additional 124,215 shares during the last quarter. Royal Bank of Canada boosted its position in shares of AllianceBernstein Global High Income Fund by 3.6% during the 1st quarter. Royal Bank of Canada now owns 1,178,841 shares of the closed-end fund’s stock valued at $13,180,000 after acquiring an additional 40,480 shares during the last quarter. LPL Financial LLC boosted its position in shares of AllianceBernstein Global High Income Fund by 0.8% during the 3rd quarter. LPL Financial LLC now owns 769,386 shares of the closed-end fund’s stock valued at $7,463,000 after acquiring an additional 6,122 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of AllianceBernstein Global High Income Fund by 6.5% during the 2nd quarter. Wells Fargo & Company MN now owns 616,039 shares of the closed-end fund’s stock valued at $6,019,000 after buying an additional 37,522 shares in the last quarter.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.