AllianceBernstein Global High Income Fund (NYSE:AWF - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.92 and traded as low as $10.82. AllianceBernstein Global High Income Fund shares last traded at $10.85, with a volume of 218,614 shares changing hands.
AllianceBernstein Global High Income Fund Price Performance
The firm's fifty day moving average is $10.78 and its 200-day moving average is $10.92.
AllianceBernstein Global High Income Fund Increases Dividend
The firm also recently declared a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be paid a dividend of $0.0655 per share. The ex-dividend date is Thursday, February 6th. This is a positive change from AllianceBernstein Global High Income Fund's previous monthly dividend of $0.02. This represents a $0.79 dividend on an annualized basis and a yield of 7.22%.
Institutional Trading of AllianceBernstein Global High Income Fund
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Invesco Ltd. increased its stake in AllianceBernstein Global High Income Fund by 6.3% during the fourth quarter. Invesco Ltd. now owns 863,794 shares of the closed-end fund's stock worth $9,269,000 after purchasing an additional 50,936 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of AllianceBernstein Global High Income Fund during the fourth quarter worth approximately $3,832,000. Uncommon Cents Investing LLC increased its stake in shares of AllianceBernstein Global High Income Fund by 2.0% during the fourth quarter. Uncommon Cents Investing LLC now owns 308,820 shares of the closed-end fund's stock worth $3,314,000 after buying an additional 5,975 shares during the period. Tidal Investments LLC increased its stake in shares of AllianceBernstein Global High Income Fund by 7.4% during the third quarter. Tidal Investments LLC now owns 107,861 shares of the closed-end fund's stock worth $1,223,000 after buying an additional 7,434 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC increased its stake in shares of AllianceBernstein Global High Income Fund by 161.5% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 102,626 shares of the closed-end fund's stock worth $1,101,000 after buying an additional 63,375 shares during the period.
AllianceBernstein Global High Income Fund Company Profile
(
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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.
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