Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Stock Passes Above 50-Day Moving Average – Should You Sell?

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $9.76 and traded as high as $10.06. Aberdeen Total Dynamic Dividend Fund shares last traded at $9.9650, with a volume of 489,330 shares traded.

Aberdeen Total Dynamic Dividend Fund Price Performance

The stock’s 50-day moving average price is $9.76 and its 200 day moving average price is $9.45.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 12.0%.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Truist Financial Corp lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 3.2% during the 2nd quarter. Truist Financial Corp now owns 36,415 shares of the investment management company’s stock worth $323,000 after purchasing an additional 1,117 shares during the last quarter. CWM LLC lifted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 14.1% during the fourth quarter. CWM LLC now owns 9,443 shares of the investment management company’s stock worth $92,000 after buying an additional 1,166 shares during the last quarter. Aviance Capital Partners LLC boosted its position in shares of Aberdeen Total Dynamic Dividend Fund by 1.0% in the third quarter. Aviance Capital Partners LLC now owns 125,960 shares of the investment management company’s stock valued at $1,192,000 after acquiring an additional 1,275 shares during the period. Captrust Financial Advisors boosted its position in shares of Aberdeen Total Dynamic Dividend Fund by 7.0% in the second quarter. Captrust Financial Advisors now owns 19,368 shares of the investment management company’s stock valued at $172,000 after acquiring an additional 1,275 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Aberdeen Total Dynamic Dividend Fund by 4.0% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 45,388 shares of the investment management company’s stock worth $438,000 after acquiring an additional 1,727 shares during the last quarter.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.