AllianceBernstein Global High Income Fund (NYSE:AWF) Shares Pass Below 200-Day Moving Average – Time to Sell?

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 $10.86 and traded as low as $10.63. AllianceBernstein Global High Income Fund shares last traded at $10.73, with a volume of 365,189 shares changing hands.

AllianceBernstein Global High Income Fund Trading Up 0.5 %

The business’s 50-day moving average price is $10.84 and its 200 day moving average price is $10.86.

AllianceBernstein Global High Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, January 2nd will be given a $0.0156 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.74%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Shaker Financial Services LLC grew its holdings in AllianceBernstein Global High Income Fund by 54.5% during the 2nd quarter. Shaker Financial Services LLC now owns 62,400 shares of the closed-end fund’s stock valued at $654,000 after purchasing an additional 22,014 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in shares of AllianceBernstein Global High Income Fund by 62.5% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the closed-end fund’s stock worth $136,000 after purchasing an additional 5,000 shares during the period. Choreo LLC purchased a new position in shares of AllianceBernstein Global High Income Fund in the second quarter valued at approximately $149,000. Vanguard Capital Wealth Advisors boosted its stake in AllianceBernstein Global High Income Fund by 35.1% during the second quarter. Vanguard Capital Wealth Advisors now owns 50,000 shares of the closed-end fund’s stock worth $524,000 after buying an additional 13,000 shares during the last quarter. Finally, Wealthgarden F.S. LLC acquired a new position in AllianceBernstein Global High Income Fund in the second quarter valued at about $350,000.

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.