AllianceBernstein Global High Income Fund, Inc. $AWF Shares Sold by Readystate Asset Management LP

Readystate Asset Management LP cut its holdings in shares of AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) by 65.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,812 shares of the closed-end fund’s stock after selling 93,662 shares during the quarter. Readystate Asset Management LP’s holdings in AllianceBernstein Global High Income Fund were worth $513,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AWF. Fifth Third Bancorp purchased a new position in AllianceBernstein Global High Income Fund in the 1st quarter valued at approximately $25,000. Advisory Services Network LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund in the third quarter valued at $47,000. CWM LLC raised its stake in shares of AllianceBernstein Global High Income Fund by 64.3% in the fourth quarter. CWM LLC now owns 4,429 shares of the closed-end fund’s stock valued at $47,000 after acquiring an additional 1,733 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new position in AllianceBernstein Global High Income Fund in the third quarter valued at $113,000. Finally, Citadel Advisors LLC purchased a new position in AllianceBernstein Global High Income Fund in the third quarter valued at $165,000.

Insider Activity at AllianceBernstein Global High Income Fund

In related news, Director Emilie Wrapp acquired 3,432 shares of the stock in a transaction dated Tuesday, July 21st. The stock was acquired at an average cost of $10.19 per share, with a total value of $34,972.08. Following the completion of the transaction, the director owned 5,825 shares in the company, valued at $59,356.75. This represents a 143.42% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

AllianceBernstein Global High Income Fund Price Performance

AWF opened at $10.04 on Tuesday. The business has a fifty day moving average price of $10.14 and a 200 day moving average price of $10.22. AllianceBernstein Global High Income Fund, Inc. has a 12 month low of $9.85 and a 12 month high of $11.43.

AllianceBernstein Global High Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 18th. Stockholders of record on Thursday, September 3rd will be paid a $0.0655 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Thursday, September 3rd.

AllianceBernstein Global High Income Fund Company Profile

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.