Emilie Wrapp Acquires 3,432 Shares of AllianceBernstein Global High Income Fund (NYSE:AWF) Stock

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) Director Emilie Wrapp bought 3,432 shares of the business’s stock in a transaction on Tuesday, July 21st. The stock was bought at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the transaction, the director directly owned 5,825 shares of the company’s stock, valued at approximately $59,356.75. This represents a 143.42% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

AllianceBernstein Global High Income Fund Trading Down 0.2%

Shares of NYSE:AWF opened at $10.07 on Thursday. The company has a fifty day moving average of $10.19 and a 200-day moving average of $10.32. AllianceBernstein Global High Income Fund, Inc. has a 52-week low of $9.85 and a 52-week high of $11.43.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 21st. Investors of record on Thursday, August 6th will be given a dividend of $0.0655 per share. The ex-dividend date is Thursday, August 6th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Large investors have recently bought and sold shares of the company. Independent Financial Group LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the first quarter valued at about $1,943,000. Wolverine Asset Management LLC acquired a new position in shares of AllianceBernstein Global High Income Fund in the fourth quarter valued at approximately $1,510,000. Hennion & Walsh Asset Management Inc. raised its holdings in AllianceBernstein Global High Income Fund by 375.8% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund’s stock valued at $1,453,000 after buying an additional 107,383 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in AllianceBernstein Global High Income Fund by 6,487.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,201,054 shares of the closed-end fund’s stock worth $12,839,000 after buying an additional 1,182,821 shares during the period. Finally, Anchor Capital Management Group Inc acquired a new stake in AllianceBernstein Global High Income Fund during the 1st quarter worth approximately $814,000.

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.