First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) Stock Price Crosses Below Fifty Day Moving Average of $6.17

First Trust/Abrdn Global Opportunity Income Fund (NYSE:FAM) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $6.17 and traded as low as $6.06. First Trust/Abrdn Global Opportunity Income Fund shares last traded at $6.10, with a volume of 78,468 shares changing hands.

First Trust/Abrdn Global Opportunity Income Fund Trading Up 0.8 %

The firm has a 50-day simple moving average of $6.17 and a 200-day simple moving average of $5.98.

First Trust/Abrdn Global Opportunity Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, September 5th will be given a dividend of $0.06 per share. The ex-dividend date is Friday, September 1st. This represents a $0.72 annualized dividend and a yield of 11.80%.

Institutional Trading of First Trust/Abrdn Global Opportunity Income Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Karpus Management Inc. boosted its position in First Trust/Abrdn Global Opportunity Income Fund by 6.5% during the 2nd quarter. Karpus Management Inc. now owns 1,336,465 shares of the financial services provider’s stock valued at $8,313,000 after acquiring an additional 81,436 shares in the last quarter. LPL Financial LLC boosted its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 0.5% in the 1st quarter. LPL Financial LLC now owns 477,271 shares of the financial services provider’s stock worth $2,859,000 after purchasing an additional 2,344 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 138.2% in the 1st quarter. Bank of America Corp DE now owns 210,052 shares of the financial services provider’s stock worth $1,258,000 after purchasing an additional 121,878 shares in the last quarter. Fiera Capital Corp boosted its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 5.6% in the 4th quarter. Fiera Capital Corp now owns 207,705 shares of the financial services provider’s stock worth $1,246,000 after purchasing an additional 10,948 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of First Trust/Abrdn Global Opportunity Income Fund by 12.8% in the 1st quarter. NewEdge Advisors LLC now owns 168,109 shares of the financial services provider’s stock worth $1,256,000 after purchasing an additional 19,100 shares in the last quarter.

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.