Wedbush Securities Inc. raised its position in First Trust/Aberdeen Global Opportunity (NYSE:FAM) by 15.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 140,936 shares of the financial services provider’s stock after buying an additional 18,367 shares during the period. Wedbush Securities Inc.’s holdings in First Trust/Aberdeen Global Opportunity were worth $1,642,000 at the end of the most recent reporting period.

First Trust/Aberdeen Global Opportunity (FAM) opened at 11.71 on Friday. The firm has a 50-day moving average price of $11.67 and a 200-day moving average price of $11.67. First Trust/Aberdeen Global Opportunity has a 1-year low of $10.29 and a 1-year high of $12.15.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 15th. Investors of record on Thursday, August 3rd will be issued a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Tuesday, August 1st.

COPYRIGHT VIOLATION NOTICE: “First Trust/Aberdeen Global Opportunity (FAM) Stake Raised by Wedbush Securities Inc.” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/12/first-trustaberdeen-global-opportunity-fam-stake-raised-by-wedbush-securities-inc.html.

First Trust/Aberdeen Global Opportunity Company 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.

Want to see what other hedge funds are holding FAM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust/Aberdeen Global Opportunity (NYSE:FAM).

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

Receive News & Ratings for First Trust/Aberdeen Global Opportunity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust/Aberdeen Global Opportunity and related companies with MarketBeat.com's FREE daily email newsletter.