Sit Investment Associates Inc. Buys 173,654 Shares of First Trust/Aberdeen Global Opportunity (FAM)

Sit Investment Associates Inc. increased its stake in First Trust/Aberdeen Global Opportunity (NYSE:FAM) by 17.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,184,133 shares of the financial services provider’s stock after acquiring an additional 173,654 shares during the period. Sit Investment Associates Inc. owned about 0.07% of First Trust/Aberdeen Global Opportunity worth $13,807,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Shaker Financial Services LLC lifted its stake in shares of First Trust/Aberdeen Global Opportunity by 128.4% in the 3rd quarter. Shaker Financial Services LLC now owns 193,915 shares of the financial services provider’s stock valued at $2,286,000 after acquiring an additional 108,996 shares during the last quarter. Doliver Capital Advisors LP lifted its stake in shares of 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 acquiring an additional 47,539 shares during the last quarter. Advisor Group Inc. lifted its stake in shares of 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 acquiring an additional 25,712 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of 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 acquiring an additional 4,940 shares during the last quarter. Finally, Ursa Fund Management LLC bought a new stake in shares of First Trust/Aberdeen Global Opportunity in the 2nd quarter valued at about $257,000.

Shares of First Trust/Aberdeen Global Opportunity (NYSE FAM) opened at $11.69 on Thursday. First Trust/Aberdeen Global Opportunity has a 52 week low of $10.98 and a 52 week high of $12.15.

The business also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Wednesday, January 3rd will be paid a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date of this dividend is Tuesday, January 2nd.

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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.

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

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