AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Passes Below 200-Day Moving Average of $9.71

AllianceBernstein Global High Income Fund (NYSE:AWF – Get Rating)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.71 and traded as low as $9.61. AllianceBernstein Global High Income Fund shares last traded at $9.78, with a volume of 248,611 shares.

AllianceBernstein Global High Income Fund Stock Performance

The firm has a 50-day moving average price of $9.98 and a 200 day moving average price of $9.71.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, March 17th. Shareholders of record on Friday, March 3rd will be given a $0.0655 dividend. This represents a $0.79 annualized dividend and a yield of 8.04%. The ex-dividend date is Thursday, March 2nd.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. B. Riley Wealth Advisors Inc. boosted its holdings in AllianceBernstein Global High Income Fund by 474.2% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 115,111 shares of the closed-end fund’s stock valued at $1,062,000 after purchasing an additional 95,063 shares during the period. Natixis acquired a new stake in AllianceBernstein Global High Income Fund in the 4th quarter valued at about $3,255,000. Axxcess Wealth Management LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth about $117,000. Lazard Asset Management LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth approximately $230,000. Finally, Toroso Investments LLC raised its holdings in AllianceBernstein Global High Income Fund by 5.9% in the fourth quarter. Toroso Investments LLC now owns 68,905 shares of the closed-end fund’s stock valued at $635,000 after acquiring an additional 3,828 shares in the last quarter. 25.82% of the stock is currently owned by hedge funds and other institutional investors.

AllianceBernstein Global High Income Fund Company Profile

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AllianceBernstein Global High Income Fund, Inc operates as a closed-end investment fund. Its objective is to seek high current income and secondarily-capital appreciation. It invests, without limit, in securities denominated in non-U.S. currencies as well as those denominated in the U.S. dollar. The company was founded on May 20, 1993 and is headquartered in New York, NY.