AllianceBernstein Global High Income Fund, Inc. $AWF Holdings Raised by Shaker Financial Services LLC

Shaker Financial Services LLC boosted its stake in AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) by 62.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 214,193 shares of the closed-end fund’s stock after buying an additional 82,709 shares during the quarter. Shaker Financial Services LLC’s holdings in AllianceBernstein Global High Income Fund were worth $2,304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AWF. CWM LLC raised its holdings in shares of AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after purchasing an additional 1,733 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $47,000. Strategic Advocates LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $59,000. MAI Capital Management raised its holdings in shares of AllianceBernstein Global High Income Fund by 370.0% during the 3rd quarter. MAI Capital Management now owns 7,567 shares of the closed-end fund’s stock valued at $85,000 after purchasing an additional 5,957 shares in the last quarter. Finally, Kestra Private Wealth Services LLC bought a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $113,000.

Insiders Place Their Bets

In related news, VP Gershon M. Distenfeld sold 5,462 shares of the business’s stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $10.57, for a total value of $57,733.34. Following the completion of the sale, the vice president directly owned 14,801 shares in the company, valued at approximately $156,446.57. The trade was a 26.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.00% of the company’s stock.

AllianceBernstein Global High Income Fund Stock Performance

AllianceBernstein Global High Income Fund stock opened at $10.53 on Friday. The firm’s fifty day simple moving average is $10.33 and its 200-day simple moving average is $10.63. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.85 and a 1-year high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, April 17th. Investors of record on Thursday, April 2nd were issued a $0.0655 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date was Thursday, April 2nd.

AllianceBernstein Global High Income Fund Profile

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.