abrdn Global Income Fund (NYSEAMERICAN:FCO) Shares Down 1.6% – Should You Sell?

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO)’s share price traded down 1.6% on Thursday . The stock traded as low as $5.96 and last traded at $6.05. 108,493 shares traded hands during mid-day trading, an increase of 60% from the average session volume of 67,856 shares. The stock had previously closed at $6.15.

abrdn Global Income Fund Stock Down 5.0 %

abrdn Global Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Investors of record on Tuesday, March 25th were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 14.61%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Investors Weigh In On abrdn Global Income Fund

An institutional investor recently bought a new position in abrdn Global Income Fund stock. LPL Financial LLC bought a new position in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,915 shares of the company’s stock, valued at approximately $64,000. LPL Financial LLC owned approximately 0.09% of abrdn Global Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 10.79% of the company’s stock.

abrdn Global Income Fund Company Profile

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.