AllianceBernstein Global Hgh Incm Fd Inc (NYSE:AWF)’s share price shot up 5.2% during mid-day trading on Thursday following a dividend announcement from the company. The stock traded as high as $9.47 and last traded at $9.45, 160,234 shares traded hands during trading. A decline of 80% from the average session volume of 811,778 shares. The stock had previously closed at $8.98.

The newly announced dividend which will be paid on Friday, April 17th. Shareholders of record on Friday, April 3rd will be paid a $0.0655 dividend. This represents a $0.79 dividend on an annualized basis and a yield of 8.36%. The ex-dividend date of this dividend is Thursday, April 2nd.

The business has a 50 day simple moving average of $11.20 and a 200 day simple moving average of $11.83.

In other AllianceBernstein Global Hgh Incm Fd news, Portfolio Manager Douglas J. Peebles purchased 7,876 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was bought at an average cost of $9.11 per share, for a total transaction of $71,750.36. Company insiders own 1.00% of the company’s stock.

Several large investors have recently made changes to their positions in the company. FNY Investment Advisers LLC grew its holdings in AllianceBernstein Global Hgh Incm Fd by 21.6% during the fourth quarter. FNY Investment Advisers LLC now owns 8,731 shares of the closed-end fund’s stock worth $105,000 after acquiring an additional 1,550 shares during the period. Citigroup Inc. grew its holdings in AllianceBernstein Global Hgh Incm Fd by 60.6% during the fourth quarter. Citigroup Inc. now owns 11,614 shares of the closed-end fund’s stock worth $141,000 after acquiring an additional 4,382 shares during the period. Belpointe Asset Management LLC grew its holdings in AllianceBernstein Global Hgh Incm Fd by 34.0% during the fourth quarter. Belpointe Asset Management LLC now owns 12,464 shares of the closed-end fund’s stock worth $151,000 after acquiring an additional 3,164 shares during the period. CWS Financial Advisors LLC acquired a new stake in AllianceBernstein Global Hgh Incm Fd during the fourth quarter worth about $171,000. Finally, Independent Advisor Alliance acquired a new stake in AllianceBernstein Global Hgh Incm Fd during the fourth quarter worth about $245,000. Hedge funds and other institutional investors own 21.10% of the company’s stock.

AllianceBernstein Global Hgh Incm Fd Company Profile (NYSE:AWF)

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.

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