AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Passes Above 50-Day Moving Average of $9.80

AllianceBernstein Global High Income Fund (NYSE:AWF – Get Rating) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $9.80 and traded as high as $10.24. AllianceBernstein Global High Income Fund shares last traded at $10.06, with a volume of 345,016 shares traded.

AllianceBernstein Global High Income Fund Stock Down 1.5 %

The firm’s fifty day simple moving average is $9.80 and its 200 day simple moving average is $9.77.

AllianceBernstein Global High Income Fund Increases Dividend

The company also recently announced a — dividend, which was paid on Friday, January 20th. Shareholders of record on Friday, December 16th were issued a $0.1632 dividend. This represents a dividend yield of 7.9%. This is a boost from AllianceBernstein Global High Income Fund’s previous — dividend of $0.07. The ex-dividend date of this dividend was Thursday, December 15th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of AllianceBernstein Global High Income Fund by 9.9% during the second quarter. Truist Financial Corp now owns 11,740 shares of the closed-end fund’s stock worth $115,000 after purchasing an additional 1,057 shares during the period. Toroso Investments LLC boosted its holdings in shares of AllianceBernstein Global High Income Fund by 2.0% during the third quarter. Toroso Investments LLC now owns 65,077 shares of the closed-end fund’s stock worth $578,000 after purchasing an additional 1,276 shares during the period. Integrated Capital Management Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 9.4% during the second quarter. Integrated Capital Management Inc. now owns 18,263 shares of the closed-end fund’s stock worth $178,000 after purchasing an additional 1,575 shares during the period. AdvisorNet Financial Inc boosted its holdings in shares of AllianceBernstein Global High Income Fund by 34.1% during the third quarter. AdvisorNet Financial Inc now owns 6,250 shares of the closed-end fund’s stock worth $56,000 after purchasing an additional 1,590 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of AllianceBernstein Global High Income Fund by 10.8% during the second quarter. Private Advisor Group LLC now owns 17,018 shares of the closed-end fund’s stock worth $166,000 after purchasing an additional 1,654 shares during the period. 25.82% of the stock is currently owned by institutional investors and hedge funds.

AllianceBernstein Global High Income Fund Company Profile

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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.