Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.36 and traded as low as $11.97. Abrdn Global Dynamic Dividend Fund shares last traded at $12.09, with a volume of 147,163 shares traded.

Abrdn Global Dynamic Dividend Fund Stock Down 1.3%

The company has a 50-day simple moving average of $12.36 and a two-hundred day simple moving average of $11.13.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 24th will be given a $0.11 dividend. The ex-dividend date of this dividend is Friday, October 24th. This represents a c) annualized dividend and a yield of 10.9%.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several large investors have recently added to or reduced their stakes in the stock. Absolute Investment Advisers LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 1.4% during the first quarter. Absolute Investment Advisers LLC now owns 131,400 shares of the company’s stock valued at $1,309,000 after purchasing an additional 1,800 shares during the period. Cetera Investment Advisers increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 22.2% during the first quarter. Cetera Investment Advisers now owns 15,553 shares of the company’s stock valued at $155,000 after purchasing an additional 2,826 shares during the period. CoreCap Advisors LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 68.5% during the third quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock valued at $141,000 after purchasing an additional 4,314 shares during the period. Kapstone Financial Advisors LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 37.3% during the second quarter. Kapstone Financial Advisors LLC now owns 18,050 shares of the company’s stock valued at $199,000 after purchasing an additional 4,900 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 5.4% during the first quarter. LPL Financial LLC now owns 177,254 shares of the company’s stock valued at $1,765,000 after purchasing an additional 9,152 shares during the period.

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.