Wedbush Securities Inc. Cuts Holdings in Alliance World (AWF)

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.

COPYRIGHT VIOLATION WARNING: “Wedbush Securities Inc. Cuts Holdings in Alliance World (AWF)” was reported by Community Financial News and is the property of of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of international copyright legislation. The correct version of this story can be viewed at https://www.com-unik.info/2017/11/05/wedbush-securities-inc-cuts-holdings-in-alliance-world-awf.html.

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.

Institutional Ownership by Quarter for Alliance World (NYSE:AWF)

What are top analysts saying about Alliance World? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Alliance World and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit