Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Passes Below 200-Day Moving Average – Time to Sell?

Abrdn Global Dynamic Dividend Fund (NYSE:AGD)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.11 and traded as low as $9.90. Abrdn Global Dynamic Dividend Fund shares last traded at $10.04, with a volume of 41,298 shares trading hands.

Abrdn Global Dynamic Dividend Fund Stock Performance

The company has a 50-day moving average of $10.20 and a 200-day moving average of $10.11.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The business also recently disclosed a — dividend, which will be paid on Friday, January 10th. Investors of record on Monday, December 30th will be given a $0.11 dividend. This represents a dividend yield of 9.7%. The ex-dividend date of this dividend is Monday, December 30th.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Several large investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund during the third quarter worth $80,000. Stifel Financial Corp purchased a new position in Abrdn Global Dynamic Dividend Fund in the 3rd quarter worth $111,000. Rivernorth Capital Management LLC purchased a new position in Abrdn Global Dynamic Dividend Fund in the 3rd quarter worth $119,000. Sanctuary Advisors LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth about $452,000. Finally, Commonwealth Equity Services LLC grew its stake in Abrdn Global Dynamic Dividend Fund by 4.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock valued at $670,000 after purchasing an additional 2,816 shares during the last quarter.

About Abrdn Global Dynamic Dividend Fund

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.