AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Large Volume Increase – Here’s Why

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) saw an uptick in trading volume on Friday . 712,447 shares changed hands during trading, an increase of 118% from the previous session’s volume of 327,476 shares.The stock last traded at $10.3550 and had previously closed at $10.52.

AllianceBernstein Global High Income Fund Price Performance

The company’s 50-day simple moving average is $10.30 and its 200 day simple moving average is $10.59.

AllianceBernstein Global High Income Fund Dividend Announcement

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

Insider Transactions at AllianceBernstein Global High Income Fund

In other AllianceBernstein Global High Income Fund news, VP Gershon M. Distenfeld sold 5,462 shares of the stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $10.57, for a total transaction of $57,733.34. Following the transaction, the vice president directly owned 14,801 shares of the company’s stock, valued at $156,446.57. This represents a 26.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional Trading of AllianceBernstein Global High Income Fund

Several large investors have recently made changes to their positions in AWF. Royal Bank of Canada increased its holdings in shares of AllianceBernstein Global High Income Fund by 2.7% during the 4th quarter. Royal Bank of Canada now owns 1,240,242 shares of the closed-end fund’s stock valued at $13,258,000 after acquiring an additional 32,747 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in AllianceBernstein Global High Income Fund by 6,487.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock worth $12,839,000 after purchasing an additional 1,182,821 shares during the last quarter. Invesco Ltd. lifted its holdings in AllianceBernstein Global High Income Fund by 18.8% in the 4th quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock worth $11,024,000 after purchasing an additional 163,009 shares during the last quarter. Bank of America Corp DE boosted its position in AllianceBernstein Global High Income Fund by 5.8% during the second quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock worth $9,918,000 after purchasing an additional 49,624 shares during the period. Finally, Raymond James Financial Inc. boosted its position in AllianceBernstein Global High Income Fund by 21.6% during the third quarter. Raymond James Financial Inc. now owns 559,050 shares of the closed-end fund’s stock worth $6,267,000 after purchasing an additional 99,303 shares during the period.

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.