Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Crosses Above 50 Day Moving Average of $10.10

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 $10.10 and traded as high as $10.65. Abrdn Global Dynamic Dividend Fund shares last traded at $10.55, with a volume of 121,013 shares.

Abrdn Global Dynamic Dividend Fund Trading Up 1.2 %

The business’s 50 day simple moving average is $10.10 and its 200 day simple moving average is $9.79.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Monday, September 23rd. This represents a $1.32 dividend on an annualized basis and a yield of 12.51%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds have recently made changes to their positions in the business. Quantedge Capital Pte Ltd raised its stake in Abrdn Global Dynamic Dividend Fund by 64.4% during the 4th quarter. Quantedge Capital Pte Ltd now owns 35,500 shares of the company’s stock valued at $332,000 after purchasing an additional 13,900 shares during the period. Karpus Management Inc. raised its position in shares of Abrdn Global Dynamic Dividend Fund by 4.5% during the fourth quarter. Karpus Management Inc. now owns 632,505 shares of the company’s stock valued at $5,908,000 after buying an additional 27,125 shares during the last quarter. Novak & Powell Financial Services Inc. purchased a new position in shares of Abrdn Global Dynamic Dividend Fund in the fourth quarter worth $103,000. Brookstone Capital Management purchased a new position in shares of Abrdn Global Dynamic Dividend Fund in the second quarter worth $186,000. Finally, Commonwealth Equity Services LLC boosted its position in shares of Abrdn Global Dynamic Dividend Fund by 4.3% during the second quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock worth $670,000 after acquiring an additional 2,816 shares during the last quarter.

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.