Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Shares Pass Above 50 Day Moving Average – Time to Sell?

Abrdn Global Dynamic Dividend Fund (NYSE:AGD)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $10.19 and traded as high as $10.21. Abrdn Global Dynamic Dividend Fund shares last traded at $10.21, with a volume of 68,128 shares traded.

Abrdn Global Dynamic Dividend Fund Trading Down 0.9 %

The company’s 50-day simple moving average is $10.21 and its 200 day simple moving average is $10.20.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th will be given a $0.11 dividend. This represents a $1.32 annualized dividend and a dividend yield of 12.96%. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Pathstone Holdings LLC grew its position in shares of 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 during the last quarter. Wells Fargo & Company MN grew its position in shares of Abrdn Global Dynamic Dividend Fund by 156.8% in the fourth quarter. Wells Fargo & Company MN now owns 366,562 shares of the company’s stock valued at $3,592,000 after purchasing an additional 223,821 shares during the last quarter. Guggenheim Capital LLC grew its position in shares of Abrdn Global Dynamic Dividend Fund by 4.3% in the fourth quarter. Guggenheim Capital LLC now owns 363,456 shares of the company’s stock valued at $3,562,000 after purchasing an additional 15,141 shares during the last quarter. Sit Investment Associates Inc. grew its position in shares of Abrdn Global Dynamic Dividend Fund by 36.0% in the fourth quarter. Sit Investment Associates Inc. now owns 233,566 shares of the company’s stock valued at $2,289,000 after purchasing an additional 61,764 shares during the last quarter. Finally, LPL Financial LLC grew its position in shares of Abrdn Global Dynamic Dividend Fund by 0.9% in the fourth quarter. LPL Financial LLC now owns 168,102 shares of the company’s stock valued at $1,647,000 after purchasing an additional 1,481 shares during the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

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.