Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Shares Pass Above 50-Day Moving Average – What’s Next?

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.14 and traded as high as $10.19. Abrdn Global Dynamic Dividend Fund shares last traded at $10.16, with a volume of 88,227 shares changing hands.

Abrdn Global Dynamic Dividend Fund Trading Up 1.4 %

The stock has a fifty day simple moving average of $10.14 and a two-hundred day simple moving average of $10.21.

Abrdn Global Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a $1.32 annualized dividend and a yield of 12.99%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently added to or reduced their stakes in AGD. Citadel Advisors LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 4th quarter valued at $114,000. Ameriprise Financial Inc. increased its stake in Abrdn Global Dynamic Dividend Fund by 32.3% in the fourth quarter. Ameriprise Financial Inc. now owns 37,883 shares of the company’s stock valued at $371,000 after purchasing an additional 9,240 shares in the last quarter. Almitas Capital LLC acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the fourth quarter valued at about $266,000. Quarry LP bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 4th quarter worth about $738,000. Finally, Stifel Financial Corp grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 9.6% in the 4th quarter. Stifel Financial Corp now owns 11,440 shares of the company’s stock valued at $112,000 after buying an additional 1,000 shares during the period.

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.