Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Shares of Abrdn Global Dynamic Dividend Fund (NYSE:AGD) crossed 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 traded.

Abrdn Global Dynamic Dividend Fund Trading Up 0.5 %

The firm has a fifty day simple moving average of $10.19 and a 200-day simple moving average of $10.11.

Abrdn Global Dynamic Dividend Fund Announces Dividend

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

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently modified their holdings of AGD. Rivernorth Capital Management LLC acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund during the third quarter worth $119,000. TD Private Client Wealth LLC acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 3rd quarter valued at approximately $80,000. Stifel Financial Corp acquired a new position in Abrdn Global Dynamic Dividend Fund during the third quarter valued at approximately $111,000. Pathstone Holdings LLC increased its stake in Abrdn Global Dynamic Dividend Fund by 28.5% in the third quarter. Pathstone Holdings LLC now owns 408,798 shares of the company’s stock valued at $4,343,000 after purchasing an additional 90,780 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund in the second quarter worth $452,000.

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.