Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Abrdn Global Dynamic Dividend Fund (NYSE:AGD) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $10.30 and traded as high as $10.62. Abrdn Global Dynamic Dividend Fund shares last traded at $10.55, with a volume of 65,932 shares.

Abrdn Global Dynamic Dividend Fund Stock Up 0.7 %

The business’s 50 day moving average price is $10.31 and its two-hundred day moving average price is $9.88.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, October 24th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 13.56%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently bought and sold shares of AGD. Sanctuary Advisors LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the second quarter worth $452,000. Logan Stone Capital LLC boosted its holdings in Abrdn Global Dynamic Dividend Fund by 7.2% in the second quarter. Logan Stone Capital LLC now owns 106,092 shares of the company’s stock valued at $1,035,000 after acquiring an additional 7,092 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Abrdn Global Dynamic Dividend Fund by 4.3% in the second quarter. Commonwealth Equity Services LLC now owns 68,605 shares of the company’s stock valued at $670,000 after acquiring an additional 2,816 shares during the last quarter. Cornerstone Advisors LLC increased its position in Abrdn Global Dynamic Dividend Fund by 417.8% during the 2nd quarter. Cornerstone Advisors LLC now owns 70,067 shares of the company’s stock valued at $684,000 after purchasing an additional 56,536 shares during the period. Finally, Brookstone Capital Management bought a new position in Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth approximately $186,000.

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.