Aberdeen Global Income Fund Inc (NYSEAMERICAN:FCO) shares shot up 0.8% on Wednesday . The stock traded as high as $7.86 and last traded at $7.84, 3,043 shares changed hands during trading. A decline of 87% from the average session volume of 24,030 shares. The stock had previously closed at $7.78.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisor Group Inc. boosted its holdings in shares of Aberdeen Global Income Fund by 150.6% during the 2nd quarter. Advisor Group Inc. now owns 44,020 shares of the company’s stock worth $368,000 after purchasing an additional 26,456 shares during the last quarter. Morgan Stanley increased its holdings in shares of Aberdeen Global Income Fund by 23.4% in the second quarter. Morgan Stanley now owns 44,508 shares of the company’s stock valued at $372,000 after purchasing an additional 8,433 shares during the last quarter. Mid Atlantic Financial Management Inc. ADV lifted its position in Aberdeen Global Income Fund by 3.3% during the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 48,170 shares of the company’s stock worth $403,000 after buying an additional 1,560 shares in the last quarter. Wells Fargo & Company MN lifted its position in Aberdeen Global Income Fund by 7.9% during the second quarter. Wells Fargo & Company MN now owns 128,760 shares of the company’s stock worth $1,077,000 after buying an additional 9,400 shares in the last quarter. Finally, WealthTrust Axiom LLC boosted its stake in Aberdeen Global Income Fund by 3.5% during the third quarter. WealthTrust Axiom LLC now owns 141,875 shares of the company’s stock worth $1,113,000 after buying an additional 4,800 shares during the last quarter.

About Aberdeen Global Income Fund (NYSEAMERICAN:FCO)

Aberdeen 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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