Karpus Management Inc. lessened its position in shares of First Trust/Aberdeen Global Opportunity (NYSE:FAM) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,646,828 shares of the financial services provider’s stock after selling 33,576 shares during the period. First Trust/Aberdeen Global Opportunity comprises 1.0% of Karpus Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Karpus Management Inc. owned about 9.46% of First Trust/Aberdeen Global Opportunity worth $19,416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Allegis Investment Advisors LLC lifted its position in shares of First Trust/Aberdeen Global Opportunity by 5.6% during the 2nd quarter. Allegis Investment Advisors LLC now owns 18,911 shares of the financial services provider’s stock worth $220,000 after buying an additional 1,010 shares during the last quarter. Ursa Fund Management LLC purchased a new stake in First Trust/Aberdeen Global Opportunity in the 2nd quarter valued at $257,000. Cambridge Investment Research Advisors Inc. raised its position in First Trust/Aberdeen Global Opportunity by 25.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 24,172 shares of the financial services provider’s stock valued at $285,000 after purchasing an additional 4,940 shares during the last quarter. Advisor Group Inc. raised its position in First Trust/Aberdeen Global Opportunity by 177.2% in the 2nd quarter. Advisor Group Inc. now owns 40,223 shares of the financial services provider’s stock valued at $469,000 after purchasing an additional 25,712 shares during the last quarter. Finally, Doliver Capital Advisors LP raised its position in First Trust/Aberdeen Global Opportunity by 439.6% in the 3rd quarter. Doliver Capital Advisors LP now owns 58,352 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 47,539 shares during the last quarter.

First Trust/Aberdeen Global Opportunity (NYSE:FAM) traded down $0.06 during mid-day trading on Friday, reaching $11.32. 29,800 shares of the company traded hands, compared to its average volume of 44,466. First Trust/Aberdeen Global Opportunity has a 1 year low of $10.81 and a 1 year high of $12.15.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Monday, December 4th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, December 1st. This represents a $0.90 annualized dividend and a yield of 7.95%.

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First Trust/Aberdeen Global Opportunity Profile

First Trust/Aberdeen Global Opportunity Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek a high level of current income. As a secondary objective, the Fund seeks capital appreciation. The Fund pursues these objectives by investing its Managed Assets in the world bond markets through a diversified portfolio of investment grade and below-investment grade government and corporate debt securities.

Institutional Ownership by Quarter for First Trust/Aberdeen Global Opportunity (NYSE:FAM)

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