AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Pass Below 200-Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $10.51 and traded as low as $10.14. AllianceBernstein Global High Income Fund shares last traded at $10.2470, with a volume of 925,922 shares trading hands.

AllianceBernstein Global High Income Fund Stock Performance

The stock has a 50 day simple moving average of $10.24 and a 200-day simple moving average of $10.51.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, May 15th. Shareholders of record on Thursday, May 7th were paid a dividend of $0.0655 per share. The ex-dividend date was Thursday, May 7th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of AllianceBernstein Global High Income Fund by 0.9% during the first quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund’s stock valued at $12,727,000 after acquiring an additional 11,182 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its position 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 valued at $12,839,000 after acquiring an additional 1,182,821 shares in the last quarter. Invesco Ltd. boosted its stake in AllianceBernstein Global High Income Fund by 18.8% during the 4th quarter. Invesco Ltd. now owns 1,031,213 shares of the closed-end fund’s stock valued at $11,024,000 after purchasing an additional 163,009 shares during the last quarter. Bank of America Corp DE boosted its stake in AllianceBernstein Global High Income Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock valued at $9,918,000 after purchasing an additional 49,624 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in shares of AllianceBernstein Global High Income Fund by 21.6% in the 3rd 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 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.