6 Meridian Acquires 9,451 Shares of First Trust/Aberdeen Global Opportunity (FAM)

6 Meridian grew its holdings in First Trust/Aberdeen Global Opportunity (NYSE:FAM) by 69.4% during the 1st quarter, Holdings Channel reports. The fund owned 23,073 shares of the financial services provider’s stock after purchasing an additional 9,451 shares during the period. 6 Meridian’s holdings in First Trust/Aberdeen Global Opportunity were worth $232,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in the company. Karpus Management Inc. boosted its holdings in shares of First Trust/Aberdeen Global Opportunity by 23.5% in the 4th quarter. Karpus Management Inc. now owns 1,585,519 shares of the financial services provider’s stock valued at $14,872,000 after acquiring an additional 301,433 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of First Trust/Aberdeen Global Opportunity by 33.2% in the 4th quarter. Bank of America Corp DE now owns 138,730 shares of the financial services provider’s stock valued at $1,301,000 after acquiring an additional 34,612 shares during the last quarter. Advisor Group Inc. boosted its holdings in shares of First Trust/Aberdeen Global Opportunity by 3.0% in the 4th quarter. Advisor Group Inc. now owns 40,322 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 1,189 shares during the last quarter. National Asset Management Inc. boosted its holdings in shares of First Trust/Aberdeen Global Opportunity by 11.9% in the 4th quarter. National Asset Management Inc. now owns 18,815 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 2,000 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of First Trust/Aberdeen Global Opportunity by 30.3% in the 4th quarter. LPL Financial LLC now owns 89,470 shares of the financial services provider’s stock valued at $839,000 after acquiring an additional 20,784 shares during the last quarter.

FAM stock opened at $10.02 on Tuesday. First Trust/Aberdeen Global Opportunity has a 12 month low of $9.05 and a 12 month high of $11.35.

The firm also recently disclosed a monthly dividend, which was paid on Monday, April 15th. Stockholders of record on Tuesday, April 2nd were issued a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.38%. The ex-dividend date of this dividend was Monday, April 1st.

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About First Trust/Aberdeen Global Opportunity

First Trust/Aberdeen Global Opportunity Income Fund is a closed-ended fixed income mutual fund launched and managed by First Trust Advisors L.P. It is co-managed by Aberdeen Asset Management Inc The fund invests in the fixed income markets across the globe. It primarily invests in investment grade and below-investment grade government and corporate debt securities.

Read More: How Investors Use a Balance Sheet

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

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