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

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) shares crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $9.73 and traded as low as $9.61. AllianceBernstein Global High Income Fund shares last traded at $9.6350, with a volume of 422,024 shares changing hands.

AllianceBernstein Global High Income Fund Stock Performance

The company has a 50 day simple moving average of $9.71 and a 200 day simple moving average of $10.13.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be issued a $0.0655 dividend. The ex-dividend date of this dividend is Thursday, November 5th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.2%.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Several hedge funds have recently modified their holdings of AWF. Bank of America Corp DE acquired a new stake in AllianceBernstein Global High Income Fund in the second quarter valued at about $6,094,000. Landscape Capital Management L.L.C. acquired a new position in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth approximately $2,400,000. Independent Financial Group LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the first quarter worth $1,943,000. Allspring Global Investments Holdings LLC acquired a new position in AllianceBernstein Global High Income Fund in the 3rd quarter valued at about $1,629,000. Finally, Rivernorth Capital Management LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the first quarter valued at approximately $885,000.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a closed-end investment fund that seeks to provide high current income, with capital appreciation as a secondary objective. It invests primarily in debt securities issued by companies and governments around the world. The fund’s portfolio may include below-investment-grade corporate bonds and sovereign debt, including securities from emerging markets. Its global approach gives investors exposure to income-producing fixed-income markets across multiple regions.