AllianceBernstein Global High Income Fund (NYSE:AWF) Hits New 12-Month Low - Here's Why

AllianceBernstein Global High Income Fund (NYSE:AWF - Get Free Report) shares reached a new 52-week low during trading on Friday . The company traded as low as $9.97 and last traded at $10.00, with a volume of 713615 shares. The stock had previously closed at $10.55.

AllianceBernstein Global High Income Fund Price Performance

The company has a fifty day simple moving average of $10.78 and a two-hundred day simple moving average of $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, April 25th. Shareholders of record on Thursday, April 3rd will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.79 annualized dividend and a yield of 7.71%.

Institutional Trading of AllianceBernstein Global High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of AWF. IFP Advisors Inc raised its position in shares of AllianceBernstein Global High Income Fund by 100.0% during the 4th quarter. IFP Advisors Inc now owns 15,220 shares of the closed-end fund's stock worth $163,000 after purchasing an additional 7,610 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of AllianceBernstein Global High Income Fund by 12.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 50,614 shares of the closed-end fund's stock worth $544,000 after acquiring an additional 5,613 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of AllianceBernstein Global High Income Fund by 3.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 53,247 shares of the closed-end fund's stock worth $571,000 after acquiring an additional 1,957 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter valued at $248,000. Finally, Choreo LLC boosted its stake in shares of AllianceBernstein Global High Income Fund by 9.7% during the fourth quarter. Choreo LLC now owns 18,711 shares of the closed-end fund's stock valued at $199,000 after acquiring an additional 1,655 shares during the last quarter.

AllianceBernstein Global High Income Fund Company 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.