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

AllianceBernstein Global High Income Fund (NYSE:AWF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.92 and traded as low as $10.82. AllianceBernstein Global High Income Fund shares last traded at $10.85, with a volume of 218,614 shares traded.

AllianceBernstein Global High Income Fund Stock Performance

The firm has a 50 day moving average price of $10.79 and a two-hundred day moving average price of $10.92.

AllianceBernstein Global High Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, February 6th will be given a $0.0655 dividend. This represents a $0.79 annualized dividend and a dividend yield of 7.24%. The ex-dividend date is Thursday, February 6th. This is a boost from AllianceBernstein Global High Income Fund’s previous monthly dividend of $0.02.

Institutional Trading of AllianceBernstein Global High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in shares of AllianceBernstein Global High Income Fund in the fourth quarter worth $3,832,000. Uncommon Cents Investing LLC boosted its position in shares of AllianceBernstein Global High Income Fund by 2.0% in the fourth quarter. Uncommon Cents Investing LLC now owns 308,820 shares of the closed-end fund’s stock worth $3,314,000 after buying an additional 5,975 shares during the period. Tidal Investments LLC boosted its position in shares of AllianceBernstein Global High Income Fund by 7.4% in the third quarter. Tidal Investments LLC now owns 107,861 shares of the closed-end fund’s stock worth $1,223,000 after buying an additional 7,434 shares during the period. Prevail Innovative Wealth Advisors LLC boosted its position in shares of 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 worth $1,101,000 after buying an additional 63,375 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter worth $10,570,000.

About AllianceBernstein Global High Income Fund

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.