Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Crosses Below 50-Day Moving Average of $9.48

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $9.48 and traded as low as $9.26. Abrdn Global Dynamic Dividend Fund shares last traded at $9.36, with a volume of 45,842 shares.

Abrdn Global Dynamic Dividend Fund Stock Up 1.2 %

The business has a 50 day moving average price of $9.48 and a two-hundred day moving average price of $9.20.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.065 dividend. The ex-dividend date is Monday, April 22nd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 8.33%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Karpus Management Inc. raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 29.5% in the 3rd quarter. Karpus Management Inc. now owns 605,380 shares of the company’s stock worth $5,243,000 after purchasing an additional 137,850 shares during the period. Saba Capital Management L.P. raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 55.3% in the 3rd quarter. Saba Capital Management L.P. now owns 372,783 shares of the company’s stock worth $3,228,000 after purchasing an additional 132,688 shares during the period. Investment Partners Asset Management Inc. bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter worth approximately $1,059,000. Wolverine Asset Management LLC raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 31,604.7% in the 3rd quarter. Wolverine Asset Management LLC now owns 81,798 shares of the company’s stock worth $708,000 after purchasing an additional 81,540 shares during the period. Finally, Choreo LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter worth approximately $720,000.

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.