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

Shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.55 and traded as low as $10.15. AllianceBernstein Global High Income Fund shares last traded at $10.1750, with a volume of 317,886 shares trading hands.

AllianceBernstein Global High Income Fund Trading Down 1.0%

The firm’s 50 day simple moving average is $10.24 and its two-hundred day simple moving average is $10.54.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, May 7th will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, May 7th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of AWF. Integrated Wealth Concepts LLC boosted its holdings in shares of AllianceBernstein Global High Income Fund by 5.0% during the first quarter. Integrated Wealth Concepts LLC now owns 43,039 shares of the closed-end fund’s stock valued at $462,000 after acquiring an additional 2,050 shares during the period. XTX Topco Ltd acquired a new position in shares of AllianceBernstein Global High Income Fund during the second quarter valued at $168,000. Raymond James Financial Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 16.4% during the second quarter. Raymond James Financial Inc. now owns 459,747 shares of the closed-end fund’s stock valued at $5,071,000 after acquiring an additional 64,791 shares during the period. Ameriprise Financial Inc. raised its stake in AllianceBernstein Global High Income Fund by 11.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 81,352 shares of the closed-end fund’s stock valued at $892,000 after acquiring an additional 8,622 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in AllianceBernstein Global High Income Fund by 5.8% during the 2nd quarter. Bank of America Corp DE now owns 899,161 shares of the closed-end fund’s stock worth $9,918,000 after acquiring an additional 49,624 shares during the period.

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.