Bessemer Group Inc. lessened its holdings in Alliance World (NYSE:AWF) by 23.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 327,779 shares of the closed-end fund’s stock after selling 100,000 shares during the quarter. Bessemer Group Inc. owned approximately 0.38% of Alliance World worth $4,278,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in AWF. Royal Bank of Canada boosted its holdings in Alliance World by 45.4% in the second quarter. Royal Bank of Canada now owns 644,148 shares of the closed-end fund’s stock worth $8,336,000 after purchasing an additional 201,106 shares during the period. Sii Investments Inc. WI boosted its holdings in Alliance World by 36.5% in the second quarter. Sii Investments Inc. WI now owns 148,795 shares of the closed-end fund’s stock worth $1,927,000 after purchasing an additional 39,783 shares during the period. Benchmark Capital Advisors acquired a new position in shares of Alliance World during the second quarter valued at $295,000. Sheaff Brock Investment Advisors LLC acquired a new position in shares of Alliance World during the second quarter valued at $334,000. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Alliance World by 20.0% during the second quarter. Ameriprise Financial Inc. now owns 154,560 shares of the closed-end fund’s stock valued at $2,000,000 after acquiring an additional 25,750 shares during the period. 19.01% of the stock is owned by hedge funds and other institutional investors.
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Alliance World (AWF) opened at $12.51 on Monday. Alliance World has a 1-year low of $11.25 and a 1-year high of $13.12. The stock has a market cap of $1,078.74, a price-to-earnings ratio of 15.26 and a beta of 0.33.
The company also recently declared a monthly dividend, which will be paid on Friday, November 17th. Stockholders of record on Friday, November 3rd will be issued a dividend of $0.0699 per share. This represents a $0.84 annualized dividend and a dividend yield of 6.71%. The ex-dividend date of this dividend is Thursday, November 2nd. Alliance World’s dividend payout ratio (DPR) is 39.45%.
Alliance World Profile
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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