AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund (NYSE:AWF) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.93 and traded as low as $10.50. AllianceBernstein Global High Income Fund shares last traded at $10.54, with a volume of 275,525 shares.

AllianceBernstein Global High Income Fund Stock Up 0.1 %

The stock’s 50 day simple moving average is $10.86 and its two-hundred day simple moving average is $10.93.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, March 21st. Shareholders of record on Thursday, March 6th will be paid a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 7.45%. The ex-dividend date is Thursday, March 6th.

Institutional Trading of AllianceBernstein Global High Income Fund

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of AllianceBernstein Global High Income Fund by 6.3% during the 4th quarter. Invesco Ltd. now owns 863,794 shares of the closed-end fund’s stock valued at $9,269,000 after buying 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 4th quarter valued at approximately $3,832,000. Uncommon Cents Investing LLC raised its position in shares of AllianceBernstein Global High Income Fund by 2.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 308,820 shares of the closed-end fund’s stock valued at $3,314,000 after buying an additional 5,975 shares during the period. Tidal Investments LLC raised its position in shares of AllianceBernstein Global High Income Fund by 2.3% during the 4th quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund’s stock valued at $1,177,000 after buying an additional 2,478 shares during the period. Finally, Prevail Innovative Wealth Advisors LLC raised its position in AllianceBernstein Global High Income Fund by 161.5% in the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 102,626 shares of the closed-end fund’s stock valued at $1,101,000 after purchasing an additional 63,375 shares during the period.

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.