AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Break Below 50 Day Moving Average – Here’s Why

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) shares crossed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $9.73 and traded as low as $9.61. AllianceBernstein Global High Income Fund shares last traded at $9.6350, with a volume of 422,024 shares changing hands.

AllianceBernstein Global High Income Fund Price Performance

The business’s fifty day simple moving average is $9.73 and its 200-day simple moving average is $10.14.

AllianceBernstein Global High Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 20th. Stockholders of record on Thursday, November 5th will be paid a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a dividend yield of 8.2%. The ex-dividend date of this dividend is Thursday, November 5th.

Institutional Trading of AllianceBernstein Global High Income Fund

Large investors have recently modified their holdings of the business. HighTower Advisors LLC lifted its holdings in AllianceBernstein Global High Income Fund by 3.9% in the 3rd quarter. HighTower Advisors LLC now owns 41,821 shares of the closed-end fund’s stock worth $407,000 after buying an additional 1,589 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in AllianceBernstein Global High Income Fund in the third quarter valued at $1,629,000. Uhlmann Price Securities LLC boosted its holdings in AllianceBernstein Global High Income Fund by 6.0% in the third quarter. Uhlmann Price Securities LLC now owns 69,410 shares of the closed-end fund’s stock valued at $675,000 after acquiring an additional 3,931 shares in the last quarter. StoneX Group Inc. purchased a new position in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $173,000. Finally, SMH Capital Advisors Inc. purchased a new position in AllianceBernstein Global High Income Fund during the 3rd quarter valued at $248,000.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a closed-end investment fund that seeks to provide high current income, with capital appreciation as a secondary objective. It invests primarily in debt securities issued by companies and governments around the world. The fund’s portfolio may include below-investment-grade corporate bonds and sovereign debt, including securities from emerging markets. Its global approach gives investors exposure to income-producing fixed-income markets across multiple regions.