Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Shares Cross Above Fifty Day Moving Average of $9.50

Abrdn Global Dynamic Dividend Fund (NYSE:AGD)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.50 and traded as high as $9.83. Abrdn Global Dynamic Dividend Fund shares last traded at $9.81, with a volume of 53,943 shares.

Abrdn Global Dynamic Dividend Fund Trading Up 0.3 %

The firm’s 50-day moving average price is $9.50 and its 200-day moving average price is $9.33.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, May 23rd will be paid a $0.065 dividend. This represents a $0.78 annualized dividend and a dividend yield of 7.95%. The ex-dividend date is Wednesday, May 22nd.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Karpus Management Inc. raised its position in 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. lifted its stake in shares of Abrdn Global Dynamic Dividend Fund by 55.3% during the 3rd quarter. Saba Capital Management L.P. now owns 372,783 shares of the company’s stock worth $3,228,000 after acquiring an additional 132,688 shares during the last quarter. Investment Partners Asset Management Inc. purchased a new position in Abrdn Global Dynamic Dividend Fund during the 4th quarter valued at $1,059,000. Wolverine Asset Management LLC grew its position in 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 valued at $708,000 after acquiring an additional 81,540 shares during the last quarter. Finally, Choreo LLC purchased a new stake in Abrdn Global Dynamic Dividend Fund in the fourth quarter worth $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.