Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Stock Price Breaks Below 200 Day Moving Average – Here’s What Happened

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) shares crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.27 and traded as low as $10.16. Aberdeen Total Dynamic Dividend Fund shares last traded at $10.1950, with a volume of 331,995 shares trading hands.

Aberdeen Total Dynamic Dividend Fund Stock Down 0.6%

The company’s 50 day moving average is $10.56 and its 200 day moving average is $10.27.

Aberdeen Total Dynamic Dividend Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 22nd will be paid a $0.11 dividend. The ex-dividend date is Tuesday, September 22nd. This represents a $1.32 dividend on an annualized basis and a yield of 13.0%. This is an increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.10.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 2.3% in the 2nd quarter. NewEdge Advisors LLC now owns 131,397 shares of the investment management company’s stock worth $1,355,000 after buying an additional 2,903 shares during the period. Baird Financial Group Inc. increased its stake in shares of Aberdeen Total Dynamic Dividend Fund by 20.1% during the second quarter. Baird Financial Group Inc. now owns 83,985 shares of the investment management company’s stock valued at $866,000 after buying an additional 14,071 shares during the period. Allworth Financial LP raised its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 3.7% in the second quarter. Allworth Financial LP now owns 36,197 shares of the investment management company’s stock valued at $373,000 after acquiring an additional 1,292 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 2.9% in the second quarter. HighTower Advisors LLC now owns 43,651 shares of the investment management company’s stock valued at $450,000 after acquiring an additional 1,246 shares in the last quarter. Finally, Sigma Planning Corp lifted its stake in Aberdeen Total Dynamic Dividend Fund by 16.7% in the second quarter. Sigma Planning Corp now owns 37,529 shares of the investment management company’s stock worth $387,000 after acquiring an additional 5,360 shares during the period.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is a diversified, closed-end investment company managed by abrdn. The fund seeks to provide shareholders with a high level of current income and long-term capital appreciation by investing primarily in dividend-paying common stocks and other equity securities.

AOD uses a global investment approach and may invest in companies across developed and emerging markets. Its portfolio can span multiple industries and geographic regions, with an emphasis on businesses that offer dividend income and the potential for sustainable growth.