AllianceBernstein Global High Income Fund, Inc. $AWF Shares Sold by Shaker Financial Services LLC

Shaker Financial Services LLC lowered its position in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) by 32.6% in the 3rd quarter, Holdings Channel reports. The fund owned 193,518 shares of the closed-end fund’s stock after selling 93,476 shares during the period. Shaker Financial Services LLC’s holdings in AllianceBernstein Global High Income Fund were worth $1,883,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of AWF. Fifth Third Bancorp acquired a new stake in shares of AllianceBernstein Global High Income Fund in the 1st quarter worth about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in AllianceBernstein Global High Income Fund during the 2nd quarter valued at about $173,000. Procyon Advisors LLC acquired a new position in AllianceBernstein Global High Income Fund during the 1st quarter valued at about $335,000. Global Retirement Partners LLC acquired a new position in AllianceBernstein Global High Income Fund during the 2nd quarter valued at about $398,000. Finally, HighTower Advisors LLC bought a new position in AllianceBernstein Global High Income Fund in the 2nd quarter worth about $414,000.

Insider Activity

In other AllianceBernstein Global High Income Fund news, Director Emilie Wrapp acquired 3,432 shares of AllianceBernstein Global High Income Fund stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the transaction, the director owned 5,825 shares in the company, valued at approximately $59,356.75. This represents a 143.42% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

AllianceBernstein Global High Income Fund Price Performance

NYSE AWF traded down $0.12 on Wednesday, hitting $9.45. The stock had a trading volume of 319,258 shares, compared to its average volume of 347,939. AllianceBernstein Global High Income Fund, Inc. has a one year low of $9.41 and a one year high of $11.10. The company’s 50-day moving average is $9.95 and its two-hundred day moving average is $10.12.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 16th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date of this dividend is Thursday, October 1st.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income by investing primarily in a globally diversified portfolio of fixed-income securities.

Its investments generally include below-investment-grade corporate bonds, emerging-market debt, and other higher-yielding securities issued by corporations, governments, and government-related entities. The portfolio may include both U.S.