Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Crosses Above Fifty Day Moving Average of $9.82

Shares of Abrdn Global Dynamic Dividend Fund (NYSE:AGD) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $9.82 and traded as high as $10.30. Abrdn Global Dynamic Dividend Fund shares last traded at $10.28, with a volume of 63,917 shares changing hands.

Abrdn Global Dynamic Dividend Fund Stock Performance

The stock’s 50 day moving average price is $9.83 and its two-hundred day moving average price is $9.61.

Abrdn Global Dynamic Dividend Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 23rd will be given a dividend of $0.11 per share. This is an increase from Abrdn Global Dynamic Dividend Fund’s previous monthly dividend of $0.07. The ex-dividend date of this dividend is Friday, August 23rd. This represents a $1.32 annualized dividend and a yield of 12.84%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of institutional investors have recently made changes to their positions in AGD. Choreo LLC purchased a new stake in Abrdn Global Dynamic Dividend Fund in the 4th quarter worth approximately $720,000. Cornerstone Advisors LLC grew its position in shares of Abrdn Global Dynamic Dividend Fund by 417.8% in the second quarter. Cornerstone Advisors LLC now owns 70,067 shares of the company’s stock valued at $684,000 after purchasing an additional 56,536 shares during the period. International Assets Investment Management LLC acquired a new position in Abrdn Global Dynamic Dividend Fund in the fourth quarter valued at $412,000. Karpus Management Inc. lifted its position in Abrdn Global Dynamic Dividend Fund by 4.5% during the fourth quarter. Karpus Management Inc. now owns 632,505 shares of the company’s stock worth $5,908,000 after buying an additional 27,125 shares during the period. Finally, Brookstone Capital Management acquired a new stake in Abrdn Global Dynamic Dividend Fund in the 2nd quarter worth about $186,000.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.