Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Share Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Abrdn Global Dynamic Dividend Fund (NYSE:AGD)’s share price crossed 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 Down 0.1 %

The business’s 50 day moving average price is $10.30 and its 200-day moving average price is $9.87.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a $0.12 dividend. The ex-dividend date is Thursday, October 24th. This represents a $1.44 annualized dividend and a yield of 13.65%.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Several large investors have recently made changes to their positions in the business. Brookstone Capital Management bought a new position in shares of Abrdn Global Dynamic Dividend Fund in the second quarter valued at about $186,000. Sanctuary Advisors LLC acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the second quarter worth approximately $452,000. Commonwealth Equity Services LLC grew its stake 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 valued at $670,000 after purchasing an additional 2,816 shares during the last quarter. Cornerstone Advisors LLC increased its holdings in shares of Abrdn Global Dynamic Dividend Fund by 417.8% in the second 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 in the last quarter. Finally, Logan Stone Capital LLC raised its position in Abrdn Global Dynamic Dividend Fund by 7.2% in the 2nd quarter. Logan Stone Capital LLC now owns 106,092 shares of the company’s stock worth $1,035,000 after purchasing an additional 7,092 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.