Aberdeen Total Dynamic Dividend Fund (NYSE:AOD – Get Free Report) declared a monthly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 24th will be given a dividend of 0.10 per share by the investment management company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 11.2%. The ex-dividend date of this dividend is Monday, August 24th.
Aberdeen Total Dynamic Dividend Fund Price Performance
Shares of Aberdeen Total Dynamic Dividend Fund stock traded down $0.01 during trading hours on Wednesday, reaching $10.71. The company had a trading volume of 46,758 shares, compared to its average volume of 504,586. Aberdeen Total Dynamic Dividend Fund has a one year low of $8.76 and a one year high of $10.78. The business has a fifty day simple moving average of $10.40 and a 200 day simple moving average of $10.18.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in the stock. Aviance Capital Partners LLC grew its position in Aberdeen Total Dynamic Dividend Fund by 3.5% during the fourth quarter. Aviance Capital Partners LLC now owns 130,369 shares of the investment management company’s stock worth $1,271,000 after buying an additional 4,409 shares in the last quarter. Intrua Financial LLC purchased a new stake in Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at approximately $123,000. Kapstone Financial Advisors LLC purchased a new stake in Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at approximately $127,000. Allworth Financial LP lifted its position in Aberdeen Total Dynamic Dividend Fund by 63.2% during the fourth quarter. Allworth Financial LP now owns 32,276 shares of the investment management company’s stock valued at $315,000 after purchasing an additional 12,500 shares during the last quarter. Finally, Midwest Trust Co lifted its position in Aberdeen Total Dynamic Dividend Fund by 4.6% during the fourth quarter. Midwest Trust Co now owns 34,496 shares of the investment management company’s stock valued at $336,000 after purchasing an additional 1,525 shares during the last quarter.
Aberdeen Total Dynamic Dividend Fund Company Profile
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.
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