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Oppenheimer & Co. Inc. Invests $580,000 in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO)

abrdn Global Income Fund logo with Finance background

Oppenheimer & Co. Inc. purchased a new position in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 96,906 shares of the company's stock, valued at approximately $580,000. Oppenheimer & Co. Inc. owned about 0.77% of abrdn Global Income Fund as of its most recent SEC filing.

Separately, Centaurus Financial Inc. acquired a new position in abrdn Global Income Fund in the second quarter valued at $75,000. Hedge funds and other institutional investors own 10.79% of the company's stock.

abrdn Global Income Fund Trading Up 0.5 %

abrdn Global Income Fund stock opened at $6.02 on Thursday. abrdn Global Income Fund, Inc. has a 12 month low of $4.73 and a 12 month high of $6.63.

abrdn Global Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, November 21st. This represents a $0.84 annualized dividend and a dividend yield of 13.97%.

abrdn Global Income Fund Profile

(Free Report)

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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