AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.93 and traded as low as $10.57. AllianceBernstein Global High Income Fund shares last traded at $10.5750, with a volume of 266,530 shares.

AllianceBernstein Global High Income Fund Stock Down 0.9%

The company has a 50 day simple moving average of $10.68 and a 200-day simple moving average of $10.93.

AllianceBernstein Global High Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, February 20th. Shareholders of record on Thursday, February 5th will be given a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, February 5th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

Institutional Trading of AllianceBernstein Global High Income Fund

Institutional investors have recently made changes to their positions in the business. Newbridge Financial Services Group Inc. bought a new position in AllianceBernstein Global High Income Fund in the second quarter valued at $32,000. Ameritas Advisory Services LLC acquired a new position in shares of AllianceBernstein Global High Income Fund during the 2nd quarter worth about $33,000. Allworth Financial LP bought a new position in shares of AllianceBernstein Global High Income Fund in the 2nd quarter valued at about $44,000. Advisory Services Network LLC bought a new stake in AllianceBernstein Global High Income Fund during the third quarter worth about $47,000. Finally, CWM LLC raised its holdings in AllianceBernstein Global High Income Fund by 64.3% during the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock worth $47,000 after acquiring an additional 1,733 shares in the last quarter.

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.