First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) Shares Pass Above 50 Day Moving Average of $6.19

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAMGet Rating) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $6.19 and traded as high as $6.74. First Trust/Abrdn Global Opportunity Income Fund shares last traded at $6.61, with a volume of 18,040 shares.

First Trust/Abrdn Global Opportunity Income Fund Stock Performance

The firm’s fifty day moving average price is $6.19 and its 200-day moving average price is $7.12.

First Trust/Abrdn Global Opportunity Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, August 15th. Stockholders of record on Tuesday, August 2nd will be paid a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.89%. The ex-dividend date of this dividend is Monday, August 1st.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC grew its holdings in First Trust/Abrdn Global Opportunity Income Fund by 32.3% during the 1st quarter. CoreCap Advisors LLC now owns 11,165 shares of the financial services provider’s stock worth $83,000 after acquiring an additional 2,725 shares during the last quarter. Fiera Capital Corp lifted its holdings in First Trust/Abrdn Global Opportunity Income Fund by 2.9% during the 4th quarter. Fiera Capital Corp now owns 98,934 shares of the financial services provider’s stock worth $952,000 after buying an additional 2,777 shares during the period. Advisory Services Network LLC increased its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 21.9% in the first quarter. Advisory Services Network LLC now owns 16,607 shares of the financial services provider’s stock valued at $124,000 after buying an additional 2,985 shares during the period. Dynamic Advisor Solutions LLC raised its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 12.1% during the first quarter. Dynamic Advisor Solutions LLC now owns 28,729 shares of the financial services provider’s stock worth $215,000 after acquiring an additional 3,109 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in First Trust/Abrdn Global Opportunity Income Fund by 25.8% in the first quarter. Bank of America Corp DE now owns 18,637 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 3,817 shares during the last quarter.

About First Trust/Abrdn Global Opportunity Income Fund

(Get Rating)

First Trust/Abrdn Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.

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