AllianceBernstein Global High Income Fund (NYSE:AWF) Stock Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of AllianceBernstein Global High Income Fund (NYSE:AWF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $10.92 and traded as low as $10.82. AllianceBernstein Global High Income Fund shares last traded at $10.85, with a volume of 218,614 shares.

AllianceBernstein Global High Income Fund Stock Performance

The company’s 50 day moving average price is $10.79 and its 200 day moving average price is $10.92.

AllianceBernstein Global High Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, February 6th will be given a dividend of $0.0655 per share. This represents a $0.79 annualized dividend and a yield of 7.24%. This is an increase from AllianceBernstein Global High Income Fund’s previous monthly dividend of $0.02. The ex-dividend date of this dividend is Thursday, February 6th.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Several institutional investors have recently bought and sold shares of the stock. Uncommon Cents Investing LLC increased its holdings in shares of AllianceBernstein Global High Income Fund by 2.0% during the 4th quarter. Uncommon Cents Investing LLC now owns 308,820 shares of the closed-end fund’s stock valued at $3,314,000 after acquiring an additional 5,975 shares during the last quarter. Tidal Investments LLC boosted its position in AllianceBernstein Global High Income Fund by 7.4% during the third quarter. Tidal Investments LLC now owns 107,861 shares of the closed-end fund’s stock worth $1,223,000 after purchasing an additional 7,434 shares during the period. World Investment Advisors LLC acquired a new position in AllianceBernstein Global High Income Fund during the third quarter valued at approximately $643,000. Kovitz Investment Group Partners LLC bought a new position in shares of AllianceBernstein Global High Income Fund in the third quarter valued at approximately $159,000. Finally, FSA Wealth Management LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter worth $30,000.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.