Key Points
- VP Gershon Distenfeld purchased 1,593 shares of AWF on January 22 at an average price of $10.60, a $16,885.80 transaction that increased his ownership to 20,263 shares (an 8.53% rise).
- The fund declared a monthly dividend of $0.0655 per share (ex-dividend/record date April 2, payment April 17), representing an annualized yield of 7.7%.
AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) VP Gershon Distenfeld purchased 1,593 shares of the stock in a transaction dated Thursday, January 22nd. The stock was purchased at an average cost of $10.60 per share, for a total transaction of $16,885.80. Following the completion of the purchase, the vice president directly owned 20,263 shares of the company's stock, valued at approximately $214,787.80. The trade was a 8.53% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
AllianceBernstein Global High Income Fund Trading Up 0.2%
Shares of AWF opened at $10.20 on Wednesday. AllianceBernstein Global High Income Fund, Inc. has a one year low of $9.71 and a one year high of $11.43. The stock has a 50 day moving average price of $10.36 and a 200 day moving average price of $10.67.
AllianceBernstein Global High Income Fund Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Friday, April 17th. Stockholders of record on Thursday, April 2nd will be issued a dividend of $0.0655 per share. The ex-dividend date of this dividend is Thursday, April 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%.
Hedge Funds Weigh In On AllianceBernstein Global High Income Fund
Several hedge funds and other institutional investors have recently modified their holdings of the business. Investment Research Partners LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter valued at about $1,144,000. Gridiron Partners LLC purchased a new position in AllianceBernstein Global High Income Fund in the 3rd quarter worth approximately $463,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of AllianceBernstein Global High Income Fund by 375.8% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 135,955 shares of the closed-end fund's stock worth $1,453,000 after purchasing an additional 107,383 shares during the last quarter. Invested Advisors acquired a new position in shares of AllianceBernstein Global High Income Fund during the 3rd quarter worth approximately $576,000. Finally, Abundance Wealth Counselors increased its holdings in shares of AllianceBernstein Global High Income Fund by 6.0% in the third quarter. Abundance Wealth Counselors now owns 46,136 shares of the closed-end fund's stock valued at $517,000 after purchasing an additional 2,615 shares during the last quarter.
AllianceBernstein Global High Income Fund Company Profile
(
Get Free Report)
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.
Further Reading
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