Rivernorth Capital Management LLC Decreases Holdings in AllianceBernstein Global Hgh Incm Fd Inc (NYSE:AWF)

Rivernorth Capital Management LLC lowered its stake in AllianceBernstein Global Hgh Incm Fd Inc (NYSE:AWF) by 6.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 950,498 shares of the closed-end fund’s stock after selling 65,241 shares during the period. Rivernorth Capital Management LLC owned 1.10% of AllianceBernstein Global Hgh Incm Fd worth $11,197,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in shares of AllianceBernstein Global Hgh Incm Fd in the second quarter worth $206,000. Cohen & Steers Inc. raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 18.0% in the second quarter. Cohen & Steers Inc. now owns 402,385 shares of the closed-end fund’s stock worth $4,740,000 after buying an additional 61,438 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 302.6% in the second quarter. IHT Wealth Management LLC now owns 60,800 shares of the closed-end fund’s stock worth $722,000 after buying an additional 45,700 shares during the last quarter. Shaker Financial Services LLC purchased a new position in shares of AllianceBernstein Global Hgh Incm Fd in the second quarter worth $1,701,000. Finally, Advisor Group Inc. raised its holdings in shares of AllianceBernstein Global Hgh Incm Fd by 24.5% in the second quarter. Advisor Group Inc. now owns 172,563 shares of the closed-end fund’s stock worth $2,033,000 after buying an additional 33,947 shares during the last quarter. 22.13% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE AWF traded up $0.02 during midday trading on Friday, reaching $11.96. The company had a trading volume of 1,815 shares, compared to its average volume of 125,481. The business’s 50-day simple moving average is $11.79 and its 200 day simple moving average is $11.74. AllianceBernstein Global Hgh Incm Fd Inc has a 1 year low of $10.16 and a 1 year high of $12.06.

The business also recently declared a — dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, September 6th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a dividend yield of 6.7%.

AllianceBernstein Global Hgh Incm Fd Profile

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.

Further Reading: Exchange-Traded Funds (ETFs)

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Institutional Ownership by Quarter for AllianceBernstein Global Hgh Incm Fd (NYSE:AWF)

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