Key Points
- Director Emilie Wrapp purchased 3,432 AWF shares at an average price of $10.19, investing approximately $34,972 and increasing her direct ownership by 143.42% to 5,825 shares.
- AWF shares opened at $10.11, within a 52-week range of $9.85 to $11.43, with 50-day and 200-day moving averages of $10.19 and $10.32, respectively.
- The fund announced a monthly dividend of $0.0655 per share, payable August 21 to shareholders of record August 6, representing an annualized yield of approximately 7.8%.
AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) Director Emilie Wrapp purchased 3,432 shares of the stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average price of $10.19 per share, for a total transaction of $34,972.08. Following the completion of the transaction, the director directly owned 5,825 shares of the company's stock, valued at approximately $59,356.75. The trade was a 143.42% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
AllianceBernstein Global High Income Fund Price Performance
Shares of AWF opened at $10.11 on Wednesday. AllianceBernstein Global High Income Fund, Inc. has a 1-year low of $9.85 and a 1-year high of $11.43. The firm has a 50 day simple moving average of $10.19 and a 200-day simple moving average of $10.32.
AllianceBernstein Global High Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Friday, August 21st. Shareholders of record on Thursday, August 6th will be issued a dividend of $0.0655 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date is Thursday, August 6th.
Hedge Funds Weigh In On AllianceBernstein Global High Income Fund
A number of institutional investors have recently made changes to their positions in AWF. Fifth Third Bancorp purchased a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter valued at $25,000. Advisory Services Network LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the third quarter valued at $47,000. CWM LLC increased its position in AllianceBernstein Global High Income Fund by 64.3% during the 4th quarter. CWM LLC now owns 4,429 shares of the closed-end fund's stock worth $47,000 after purchasing an additional 1,733 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 3rd quarter worth about $113,000. Finally, Dumont & Blake Investment Advisors LLC purchased a new stake in AllianceBernstein Global High Income Fund during the 4th quarter worth about $152,000.
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.
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