AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of AllianceBernstein Global High Income Fund (NYSE:AWF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.86 and traded as low as $10.63. AllianceBernstein Global High Income Fund shares last traded at $10.73, with a volume of 365,189 shares trading hands.

AllianceBernstein Global High Income Fund Trading Up 1.0 %

The business has a 50-day simple moving average of $10.84 and a two-hundred day simple moving average of $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, January 2nd will be issued a $0.0156 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $0.19 annualized dividend and a yield of 1.74%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Several institutional investors and hedge funds have recently modified their holdings of AWF. FSA Wealth Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth $30,000. US Bancorp DE grew its stake in AllianceBernstein Global High Income Fund by 9.9% during the third quarter. US Bancorp DE now owns 11,127 shares of the closed-end fund’s stock worth $126,000 after buying an additional 1,000 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in AllianceBernstein Global High Income Fund by 62.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the closed-end fund’s stock valued at $136,000 after buying an additional 5,000 shares during the period. Integris Wealth Management LLC bought a new position in AllianceBernstein Global High Income Fund in the 3rd quarter valued at about $136,000. Finally, Forum Financial Management LP acquired a new position in shares of AllianceBernstein Global High Income Fund in the 3rd quarter valued at approximately $137,000.

AllianceBernstein Global High Income Fund Company Profile

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.