First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) Share Price Crosses Above 50 Day Moving Average of $6.38

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.38 and traded as high as $6.65. First Trust/Abrdn Global Opportunity Income Fund shares last traded at $6.60, with a volume of 14,610 shares changing hands.

First Trust/Abrdn Global Opportunity Income Fund Price Performance

The business’s 50 day moving average price is $6.38 and its 200-day moving average price is $6.05.

First Trust/Abrdn Global Opportunity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd will be paid a $0.06 dividend. The ex-dividend date is Monday, April 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 10.92%.

Institutional Investors Weigh In On First Trust/Abrdn Global Opportunity Income Fund

Several institutional investors and hedge funds have recently bought and sold shares of FAM. Bank of America Corp DE raised its stake in First Trust/Abrdn Global Opportunity Income Fund by 138.2% during the first quarter. Bank of America Corp DE now owns 210,052 shares of the financial services provider’s stock worth $1,258,000 after acquiring an additional 121,878 shares during the period. Karpus Management Inc. raised its stake in First Trust/Abrdn Global Opportunity Income Fund by 7.3% during the fourth quarter. Karpus Management Inc. now owns 1,452,564 shares of the financial services provider’s stock worth $9,137,000 after acquiring an additional 99,148 shares during the period. Shaker Financial Services LLC acquired a new stake in First Trust/Abrdn Global Opportunity Income Fund during the third quarter worth about $225,000. Susquehanna International Group LLP increased its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 122.1% in the first quarter. Susquehanna International Group LLP now owns 71,717 shares of the financial services provider’s stock valued at $430,000 after purchasing an additional 39,420 shares during the period. Finally, Morgan Stanley increased its stake in shares of First Trust/Abrdn Global Opportunity Income Fund by 44.8% in the fourth quarter. Morgan Stanley now owns 78,082 shares of the financial services provider’s stock valued at $468,000 after purchasing an additional 24,155 shares during the period.

About First Trust/Abrdn Global Opportunity Income Fund

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.