AllianceBernstein Global High Income Fund (NYSE:AWF) Director Emilie Wrapp Buys 3,432 Shares

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Director Emilie Wrapp bought 3,432 shares of the stock in a transaction on Tuesday, July 21st. The shares were bought at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the transaction, the director directly owned 5,825 shares of the company’s stock, valued at $59,356.75. This trade represents a 143.42% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

AllianceBernstein Global High Income Fund Trading Up 0.3%

AWF stock opened at $10.11 on Wednesday. The firm has a 50 day moving average of $10.19 and a 200-day moving average of $10.32. AllianceBernstein Global High Income Fund, Inc. has a 12-month low of $9.85 and a 12-month high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Thursday, August 6th will be issued a $0.0655 dividend. The ex-dividend date is Thursday, August 6th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Institutional Trading of AllianceBernstein Global High Income Fund

A number of institutional investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new stake in AllianceBernstein Global High Income Fund in the first quarter valued at $25,000. Advisory Services Network LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the third quarter valued at $47,000. CWM LLC raised its stake in shares of AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock worth $47,000 after buying an additional 1,733 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $113,000. Finally, Dumont & Blake Investment Advisors LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 4th quarter worth $152,000.

About AllianceBernstein Global High Income Fund

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.