AllianceBernstein Global High Income Fund (NYSE:AWF) Hits New 1-Year Low at $9.40

AllianceBernstein Global High Income Fund (NYSE:AWFGet Rating) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $9.40 and last traded at $9.40, with a volume of 230 shares changing hands. The stock had previously closed at $9.56.

AllianceBernstein Global High Income Fund Stock Down 1.3 %

The stock has a fifty day moving average price of $10.13 and a 200-day moving average price of $10.20.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Friday, September 16th. Investors of record on Friday, September 2nd were issued a dividend of $0.0655 per share. The ex-dividend date was Thursday, September 1st. This represents a $0.79 annualized dividend and a dividend yield of 8.33%.

Institutional Trading of AllianceBernstein Global High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. J.W. Cole Advisors Inc. purchased a new stake in shares of AllianceBernstein Global High Income Fund during the first quarter worth $30,000. Northern Trust Corp purchased a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter worth $100,000. Quantedge Capital Pte Ltd acquired a new position in AllianceBernstein Global High Income Fund during the first quarter worth $114,000. Truist Financial Corp increased its position in AllianceBernstein Global High Income Fund by 9.9% during the second quarter. Truist Financial Corp now owns 11,740 shares of the closed-end fund’s stock worth $115,000 after buying an additional 1,057 shares during the last quarter. Finally, Pinnacle Wealth Planning Services Inc. acquired a new position in AllianceBernstein Global High Income Fund during the first quarter worth $118,000. 26.98% of the stock is currently owned by hedge funds and other institutional investors.

About AllianceBernstein Global High Income Fund

(Get Rating)

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.

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