AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Passes Below 200-Day Moving Average – What’s Next?

AllianceBernstein Global High Income Fund (NYSE:AWF) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.86 and traded as low as $10.60. AllianceBernstein Global High Income Fund shares last traded at $10.66, with a volume of 187,889 shares trading hands.

AllianceBernstein Global High Income Fund Trading Up 0.6 %

The business has a 50-day moving average of $10.88 and a 200-day moving average of $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be issued a dividend of $0.0156 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.19 annualized dividend and a dividend yield of 1.76%.

Institutional Trading of AllianceBernstein Global High Income Fund

Several large investors have recently added to or reduced their stakes in AWF. Tidal Investments LLC lifted its stake in shares of AllianceBernstein Global High Income Fund by 7.4% in the 3rd quarter. Tidal Investments LLC now owns 107,861 shares of the closed-end fund’s stock valued at $1,223,000 after purchasing an additional 7,434 shares during the last quarter. World Investment Advisors LLC acquired a new position in AllianceBernstein Global High Income Fund during the third quarter worth $643,000. Kovitz Investment Group Partners LLC bought a new position in AllianceBernstein Global High Income Fund during the third quarter valued at about $159,000. FSA Wealth Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter worth about $30,000. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of AllianceBernstein Global High Income Fund by 20.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 51,290 shares of the closed-end fund’s stock worth $582,000 after acquiring an additional 8,793 shares in 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.