Wedbush Securities Inc. decreased its holdings in shares of Alliance World (NYSE:AWF) by 57.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,071 shares of the closed-end fund’s stock after selling 58,484 shares during the quarter. Wedbush Securities Inc.’s holdings in Alliance World were worth $562,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in the business. Royal Bank of Canada lifted its holdings in Alliance World by 45.4% during the 2nd quarter. Royal Bank of Canada now owns 644,148 shares of the closed-end fund’s stock valued at $8,336,000 after purchasing an additional 201,106 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in Alliance World by 20.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 154,560 shares of the closed-end fund’s stock valued at $2,000,000 after purchasing an additional 25,750 shares during the last quarter. Sii Investments Inc. WI lifted its holdings in Alliance World by 36.5% during the 2nd quarter. Sii Investments Inc. WI now owns 148,795 shares of the closed-end fund’s stock valued at $1,927,000 after purchasing an additional 39,783 shares during the last quarter. Flagship Harbor Advisors LLC lifted its holdings in Alliance World by 4.9% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 131,202 shares of the closed-end fund’s stock valued at $1,697,000 after purchasing an additional 6,095 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC lifted its holdings in Alliance World by 8.1% during the 3rd quarter. SeaBridge Investment Advisors LLC now owns 130,645 shares of the closed-end fund’s stock valued at $1,705,000 after purchasing an additional 9,810 shares during the last quarter. 19.08% of the stock is owned by institutional investors and hedge funds.
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Shares of Alliance World (NYSE:AWF) traded up $0.02 during trading on Friday, reaching $12.84. The company’s stock had a trading volume of 97,808 shares, compared to its average volume of 156,472. The firm has a market cap of $1,107.19, a P/E ratio of 15.66 and a beta of 0.33. Alliance World has a fifty-two week low of $11.25 and a fifty-two week high of $13.12.
The firm also recently declared a monthly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be issued a $0.0699 dividend. This represents a $0.84 annualized dividend and a yield of 6.53%. The ex-dividend date is Thursday, November 2nd. Alliance World’s dividend payout ratio (DPR) is presently 39.45%.
About Alliance World
AllianceBernstein Global High Income Fund, Inc is a diversified, closed-end management investment company. The Fund seeks high current income, and secondarily, capital appreciation. The Fund invests without limit in securities denominated in non-united States currencies, as well as those denominated in the US dollar.
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