First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) Stock Crosses Above Fifty Day Moving Average of $6.40

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.40 and traded as high as $6.47. First Trust/Abrdn Global Opportunity Income Fund shares last traded at $6.47, with a volume of 50,539 shares trading hands.

First Trust/Abrdn Global Opportunity Income Fund Trading Up 0.9 %

The business has a fifty day moving average price of $6.40 and a 200 day moving average price of $6.41.

First Trust/Abrdn Global Opportunity Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 16th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.06 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date is Tuesday, September 3rd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FAM. Founders Financial Alliance LLC grew its holdings in First Trust/Abrdn Global Opportunity Income Fund by 17.6% during the second quarter. Founders Financial Alliance LLC now owns 24,746 shares of the financial services provider’s stock worth $157,000 after acquiring an additional 3,708 shares during the period. Quarry LP grew its holdings in First Trust/Abrdn Global Opportunity Income Fund by 8.1% during the second quarter. Quarry LP now owns 71,141 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 5,309 shares during the period. Shaker Financial Services LLC acquired a new position in First Trust/Abrdn Global Opportunity Income Fund during the second quarter worth about $191,000. Cambridge Investment Research Advisors Inc. grew its holdings in First Trust/Abrdn Global Opportunity Income Fund by 25.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 198,414 shares of the financial services provider’s stock worth $1,258,000 after acquiring an additional 40,203 shares during the period. Finally, ORG Partners LLC grew its holdings in First Trust/Abrdn Global Opportunity Income Fund by 39.0% during the second quarter. ORG Partners LLC now owns 29,772 shares of the financial services provider’s stock worth $188,000 after acquiring an additional 8,351 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.