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

AllianceBernstein Global High Income Fund (NYSE:AWF)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $10.93 and traded as low as $10.50. AllianceBernstein Global High Income Fund shares last traded at $10.54, with a volume of 275,525 shares changing hands.

AllianceBernstein Global High Income Fund Price Performance

The firm’s fifty day simple moving average is $10.86 and its 200 day simple moving average is $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, March 6th will be given a dividend of $0.0655 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.45%. The ex-dividend date of this dividend is Thursday, March 6th.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Institutional investors have recently modified their holdings of the business. Tidal Investments LLC boosted its holdings in AllianceBernstein Global High Income Fund by 2.3% in the 4th quarter. Tidal Investments LLC now owns 110,339 shares of the closed-end fund’s stock worth $1,177,000 after buying an additional 2,478 shares during the last quarter. Cetera Investment Advisers boosted its holdings in AllianceBernstein Global High Income Fund by 163.4% in the 4th quarter. Cetera Investment Advisers now owns 83,645 shares of the closed-end fund’s stock worth $898,000 after buying an additional 51,893 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in AllianceBernstein Global High Income Fund by 6.1% in the 4th quarter. Ameriprise Financial Inc. now owns 67,344 shares of the closed-end fund’s stock worth $723,000 after buying an additional 3,866 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in AllianceBernstein Global High Income Fund by 147.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 28,440 shares of the closed-end fund’s stock worth $305,000 after buying an additional 16,968 shares during the last quarter. Finally, Shaker Financial Services LLC acquired a new stake in AllianceBernstein Global High Income Fund in the 4th quarter worth about $631,000.

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.