AllianceBernstein Global High Income Fund (NYSE:AWF) Sees Large Volume Increase – Time to Buy?

AllianceBernstein Global High Income Fund (NYSE:AWF) saw strong trading volume on Wednesday . 88,343 shares changed hands during mid-day trading, a decline of 48% from the previous session’s volume of 169,657 shares.The stock last traded at $10.63 and had previously closed at $10.67.

AllianceBernstein Global High Income Fund Stock Performance

The firm has a 50 day simple moving average of $10.83 and a 200-day simple moving average of $10.86.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, January 2nd will be issued a $0.0156 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $0.19 annualized dividend and a yield of 1.75%.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

A number of institutional investors have recently made changes to their positions in AWF. Cullen Frost Bankers Inc. lifted its holdings in shares of AllianceBernstein Global High Income Fund by 62.5% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 13,000 shares of the closed-end fund’s stock worth $136,000 after acquiring an additional 5,000 shares during the last quarter. Choreo LLC purchased a new position in shares of AllianceBernstein Global High Income Fund during the second quarter worth $149,000. Vanguard Capital Wealth Advisors boosted its position in shares of 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 period. Wealthgarden F.S. LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the second quarter valued at $350,000. Finally, Gilman Hill Asset Management LLC purchased a new stake in shares of AllianceBernstein Global High Income Fund in the 3rd quarter valued at $142,000.

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.