AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Passes Below 200 Day Moving Average – Should You Sell?

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.19 and traded as low as $9.90. AllianceBernstein Global High Income Fund shares last traded at $9.9250, with a volume of 523,692 shares traded.

AllianceBernstein Global High Income Fund Price Performance

The firm’s 50-day moving average price is $10.11 and its 200-day moving average price is $10.19.

AllianceBernstein Global High Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, September 18th. Investors of record on Thursday, September 3rd will be paid a $0.0655 dividend. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date is Thursday, September 3rd.

Insider Transactions at AllianceBernstein Global High Income Fund

In related news, Director Emilie Wrapp bought 3,432 shares of the company’s stock in a transaction on Tuesday, July 21st. The shares were purchased at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the transaction, the director directly owned 5,825 shares in the company, valued at approximately $59,356.75. The trade was a 143.42% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is owned by insiders.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Hedge funds have recently made changes to their positions in the stock. Concurrent Investment Advisors LLC grew its stake in AllianceBernstein Global High Income Fund by 2.8% during the second quarter. Concurrent Investment Advisors LLC now owns 47,254 shares of the closed-end fund’s stock valued at $487,000 after acquiring an additional 1,273 shares in the last quarter. Maridea Wealth Management LLC lifted its stake in AllianceBernstein Global High Income Fund by 2.7% in the 1st quarter. Maridea Wealth Management LLC now owns 56,570 shares of the closed-end fund’s stock worth $575,000 after purchasing an additional 1,477 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in AllianceBernstein Global High Income Fund by 4.6% in the 1st quarter. Kestra Advisory Services LLC now owns 42,028 shares of the closed-end fund’s stock worth $427,000 after purchasing an additional 1,853 shares in the last quarter. Fifth Third Bancorp bought a new position in AllianceBernstein Global High Income Fund in the 1st quarter valued at $25,000. Finally, Susquehanna International Group LLP boosted its holdings in AllianceBernstein Global High Income Fund by 9.2% in the 2nd quarter. Susquehanna International Group LLP now owns 45,774 shares of the closed-end fund’s stock valued at $471,000 after purchasing an additional 3,874 shares during the period.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund, Inc (NYSE: AWF) is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund’s portfolio management and research capabilities.