Maridea Wealth Management LLC Invests $633,000 in AllianceBernstein Global High Income Fund, Inc. $AWF

Maridea Wealth Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) during the second quarter, HoldingsChannel.com reports. The fund acquired 61,489 shares of the closed-end fund’s stock, valued at approximately $633,000.

A number of other institutional investors have also made changes to their positions in the stock. Independent Financial Group LLC acquired a new position in AllianceBernstein Global High Income Fund during the first quarter valued at approximately $1,943,000. Wolverine Asset Management LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter valued at approximately $1,510,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of AllianceBernstein Global High Income Fund by 6,487.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock worth $12,839,000 after buying an additional 1,182,821 shares during the last quarter. Anchor Capital Management Group Inc acquired a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter worth $814,000. Finally, Rivernorth Capital Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter worth $885,000.

AllianceBernstein Global High Income Fund Stock Down 0.4%

NYSE AWF opened at $10.13 on Friday. AllianceBernstein Global High Income Fund, Inc. has a 1 year low of $9.85 and a 1 year high of $11.43. The company has a fifty day simple moving average of $10.16 and a 200 day simple moving average of $10.28.

AllianceBernstein Global High Income Fund Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Emilie D. Wrapp purchased 3,432 shares of the firm’s stock in a transaction on Tuesday, July 21st. The stock was bought at an average cost of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the acquisition, the director directly owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. The trade was a 143.42% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

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.