Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Shares Pass Below 50-Day Moving Average of $9.77

Abrdn Global Dynamic Dividend Fund (NYSE:AGD)’s share price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.77 and traded as low as $9.38. Abrdn Global Dynamic Dividend Fund shares last traded at $9.41, with a volume of 36,234 shares changing hands.

Abrdn Global Dynamic Dividend Fund Price Performance

The firm has a 50-day moving average price of $9.77 and a two-hundred day moving average price of $9.58.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Wednesday, July 24th were paid a $0.065 dividend. This represents a $0.78 annualized dividend and a yield of 8.17%. The ex-dividend date of this dividend was Wednesday, July 24th.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Commonwealth Equity Services LLC lifted its position in 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 buying an additional 2,816 shares in the last quarter. Brookstone Capital Management acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter valued at about $186,000. Novak & Powell Financial Services Inc. purchased a new stake in shares of Abrdn Global Dynamic Dividend Fund in the fourth quarter valued at about $103,000. Karpus Management Inc. grew its holdings in shares of Abrdn Global Dynamic Dividend Fund by 4.5% in the fourth quarter. Karpus Management Inc. now owns 632,505 shares of the company’s stock valued at $5,908,000 after purchasing an additional 27,125 shares during the period. Finally, Quantedge Capital Pte Ltd increased its position in Abrdn Global Dynamic Dividend Fund by 64.4% during the fourth quarter. Quantedge Capital Pte Ltd now owns 35,500 shares of the company’s stock worth $332,000 after purchasing an additional 13,900 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.