abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report) shares rose 1.1% on Wednesday . The company traded as high as $6.59 and last traded at $6.53. Approximately 52,039 shares traded hands during trading, a decline of 30% from the average daily volume of 74,536 shares. The stock had previously closed at $6.46.
abrdn Global Income Fund Trading Down 0.3%
The firm has a 50-day moving average of $6.36.
abrdn Global Income Fund Dividend Announcement
The business also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Thursday, July 24th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, July 24th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 12.96%.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the stock. Oppenheimer & Co. Inc. increased its stake in abrdn Global Income Fund by 1.7% during the 1st quarter. Oppenheimer & Co. Inc. now owns 109,299 shares of the company's stock valued at $657,000 after purchasing an additional 1,879 shares in the last quarter. LPL Financial LLC bought a new stake in abrdn Global Income Fund during the 4th quarter valued at $64,000. Detalus Advisors LLC bought a new stake in abrdn Global Income Fund during the 1st quarter valued at $66,000. Integrity Alliance LLC. bought a new stake in abrdn Global Income Fund during the 1st quarter valued at $138,000. Finally, Ethos Financial Group LLC bought a new stake in abrdn Global Income Fund during the 1st quarter valued at $96,000. Institutional investors and hedge funds own 10.79% of the company's stock.
abrdn Global Income Fund Company Profile
(
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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.
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