Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.23 and traded as high as $10.24. Aberdeen Total Dynamic Dividend Fund shares last traded at $10.2350, with a volume of 365,006 shares traded.

Aberdeen Total Dynamic Dividend Fund Stock Performance

The company’s 50 day simple moving average is $10.30 and its 200 day simple moving average is $10.23.

Aberdeen Total Dynamic Dividend Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 23rd were issued a $0.10 dividend. This is a decrease from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.11. This represents a $1.20 annualized dividend and a dividend yield of 11.7%. The ex-dividend date of this dividend was Friday, October 23rd.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in Aberdeen Total Dynamic Dividend Fund by 2.9% in the 2nd quarter. HighTower Advisors LLC now owns 43,651 shares of the investment management company’s stock worth $450,000 after purchasing an additional 1,246 shares during the period. Allworth Financial LP grew its position in Aberdeen Total Dynamic Dividend Fund by 3.7% during the 2nd quarter. Allworth Financial LP now owns 36,197 shares of the investment management company’s stock worth $373,000 after purchasing an additional 1,292 shares in the last quarter. Kestra Advisory Services LLC grew its position in Aberdeen Total Dynamic Dividend Fund by 1.4% during the 3rd quarter. Kestra Advisory Services LLC now owns 101,353 shares of the investment management company’s stock worth $1,030,000 after purchasing an additional 1,425 shares in the last quarter. Fund Advisors of America Inc FL raised its stake in Aberdeen Total Dynamic Dividend Fund by 3.0% during the 2nd quarter. Fund Advisors of America Inc FL now owns 58,944 shares of the investment management company’s stock valued at $608,000 after purchasing an additional 1,694 shares during the period. Finally, NewEdge Advisors LLC raised its stake in Aberdeen Total Dynamic Dividend Fund by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 131,397 shares of the investment management company’s stock valued at $1,355,000 after purchasing an additional 2,903 shares during the period.

Aberdeen Total Dynamic Dividend Fund Company Profile

Aberdeen Total Dynamic Dividend Fund is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol AOD. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in dividend-paying equity securities.

The fund invests across global markets and industries, giving shareholders exposure to companies in the United States and international markets. Its portfolio may include common stocks and other equity-related investments issued by companies with established dividend policies.