AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Crosses Below Two Hundred Day Moving Average – Here’s What Happened

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.55 and traded as low as $10.15. AllianceBernstein Global High Income Fund shares last traded at $10.1750, with a volume of 317,886 shares.

AllianceBernstein Global High Income Fund Stock Up 0.1%

The firm’s 50 day moving average is $10.26 and its two-hundred day moving average is $10.55.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, May 15th. Investors of record on Thursday, May 7th will be issued a dividend of $0.0655 per share. The ex-dividend date is Thursday, May 7th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp acquired a new position in AllianceBernstein Global High Income Fund in the 1st quarter valued at about $25,000. CWM LLC raised its holdings in AllianceBernstein Global High Income Fund by 64.3% in the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 1,733 shares in the last quarter. Advisory Services Network LLC acquired a new position in AllianceBernstein Global High Income Fund in the third quarter valued at about $47,000. Strategic Advocates LLC bought a new position in AllianceBernstein Global High Income Fund in the 3rd quarter valued at about $59,000. Finally, MAI Capital Management raised its position in shares of AllianceBernstein Global High Income Fund by 370.0% in the 3rd quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock valued at $85,000 after buying an additional 5,957 shares in the last quarter.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end management investment company that seeks to provide high current income, with a secondary objective of capital growth. The fund is traded on the New York Stock Exchange and offers investors access to a diversified portfolio of global fixed-income securities designed to capitalize on opportunities in the high-yield credit market.

The fund primarily invests in a broad array of debt instruments, including corporate high-yield bonds, sovereign and quasi-sovereign debt, collateralized loan obligations, convertible securities, and other income-oriented instruments.