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

AllianceBernstein Global High Income Fund (NYSE:AWF)’s share price 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 traded.

AllianceBernstein Global High Income Fund Stock Performance

The business has a 50-day moving average of $10.42 and a 200 day moving average of $10.06.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, April 19th. Investors of record on Friday, April 5th will be given a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date is Thursday, April 4th.

Insider Buying and Selling

In related news, insider Emilie D. Wrapp acquired 2,393 shares of the company’s stock in a transaction that occurred on Monday, March 18th. The stock was purchased at an average price of $10.45 per share, for a total transaction of $25,006.85. Following the transaction, the insider now owns 2,393 shares in the company, valued at approximately $25,006.85. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by company insiders.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of hedge funds have recently added to or reduced their stakes in AWF. Cambridge Investment Research Advisors Inc. boosted its stake in AllianceBernstein Global High Income Fund by 13.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 107,641 shares of the closed-end fund’s stock worth $1,203,000 after buying an additional 12,346 shares during the last quarter. HighTower Advisors LLC lifted its stake in shares of AllianceBernstein Global High Income Fund by 75.2% in the 1st quarter. HighTower Advisors LLC now owns 26,991 shares of the closed-end fund’s stock valued at $302,000 after purchasing an additional 11,587 shares in the last quarter. Quantedge Capital Pte Ltd acquired a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at about $114,000. Atria Wealth Solutions Inc. acquired a new position in shares of AllianceBernstein Global High Income Fund in the 1st quarter valued at about $605,000. Finally, Guggenheim Capital LLC lifted its stake in shares of AllianceBernstein Global High Income Fund by 3.8% in the 1st quarter. Guggenheim Capital LLC now owns 56,079 shares of the closed-end fund’s stock valued at $627,000 after purchasing an additional 2,042 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.