Aberdeen Income Credit Strategies Fund (NYSE:ACP) Stock Passes Above 200 Day Moving Average of $12.38

Share on StockTwits

Shares of Aberdeen Income Credit Strategies Fund (NYSE:ACP) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.38 and traded as high as $12.67. Aberdeen Income Credit Strategies Fund shares last traded at $12.48, with a volume of 3,396 shares.

The company has a 50 day moving average of $12.32 and a two-hundred day moving average of $12.38.

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 23rd will be paid a $0.12 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.44 annualized dividend and a yield of 11.58%.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in Aberdeen Income Credit Strategies Fund by 648.6% in the second quarter. Tower Research Capital LLC TRC now owns 5,989 shares of the investment management company’s stock worth $74,000 after purchasing an additional 5,189 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Aberdeen Income Credit Strategies Fund by 36.3% in the second quarter. SeaCrest Wealth Management LLC now owns 28,711 shares of the investment management company’s stock worth $355,000 after acquiring an additional 7,654 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in Aberdeen Income Credit Strategies Fund by 3.9% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 151,601 shares of the investment management company’s stock worth $1,874,000 after acquiring an additional 5,669 shares in the last quarter.

About Aberdeen Income Credit Strategies Fund (NYSE:ACP)

Avenue Income Credit Strategies Fund is a closed ended fixed income fund launched by Avenue Capital Group. It is managed by Avenue Capital Management II LP. The fund invests in fixed income markets across the globe. It seeks to invest in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.

See Also: When can a hold rating present a buying opportunity?

Receive News & Ratings for Aberdeen Income Credit Strategies Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Income Credit Strategies Fund and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Carnival plc  Stock Holdings Lifted by Ladenburg Thalmann Financial Services Inc.
Carnival plc Stock Holdings Lifted by Ladenburg Thalmann Financial Services Inc.
Ladenburg Thalmann Financial Services Inc. Purchases 48,190 Shares of Workhorse Group Inc
Ladenburg Thalmann Financial Services Inc. Purchases 48,190 Shares of Workhorse Group Inc
Ladenburg Thalmann Financial Services Inc. Increases Stake in Graham Holdings Co
Ladenburg Thalmann Financial Services Inc. Increases Stake in Graham Holdings Co
Morgan Stanley Decreases Stake in Genworth Financial Inc
Morgan Stanley Decreases Stake in Genworth Financial Inc
Morgan Stanley Boosts Holdings in Akcea Therapeutics Inc
Morgan Stanley Boosts Holdings in Akcea Therapeutics Inc
Asset Planning Services Inc. LA ADV Grows Stock Holdings in Philip Morris International Inc.
Asset Planning Services Inc. LA ADV Grows Stock Holdings in Philip Morris International Inc.


 
© 2006-2019 Zolmax.