abrdn Global Income Fund (NYSEAMERICAN:FCO) Trading Down 1.6% – Here’s What Happened

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

abrdn Global Income Fund Price Performance

abrdn Global Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 13.88%. The ex-dividend date was Tuesday, March 25th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in abrdn Global Income Fund stock. LPL Financial LLC purchased a new position in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,915 shares of the company’s stock, valued at approximately $64,000. LPL Financial LLC owned 0.09% of abrdn Global Income Fund as of its most recent SEC filing. 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.