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

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.14 and traded as high as $10.19. Abrdn Global Dynamic Dividend Fund shares last traded at $10.16, with a volume of 88,227 shares.

Abrdn Global Dynamic Dividend Fund Stock Up 1.4 %

The firm’s fifty day moving average is $10.15 and its 200-day moving average is $10.21.

Abrdn Global Dynamic Dividend Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were paid a dividend of $0.11 per share. The ex-dividend date was Friday, February 21st. This represents a $1.32 annualized dividend and a yield of 12.99%.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc increased its stake in shares of Abrdn Global Dynamic Dividend Fund by 625.0% in the 4th quarter. IFP Advisors Inc now owns 2,900 shares of the company’s stock valued at $28,000 after acquiring an additional 2,500 shares in the last quarter. TD Private Client Wealth LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund in the third quarter worth $80,000. Stifel Financial Corp bought a new stake in Abrdn Global Dynamic Dividend Fund in the third quarter valued at $111,000. Citadel Advisors LLC acquired a new position in shares of Abrdn Global Dynamic Dividend Fund during the fourth quarter valued at about $114,000. Finally, Rivernorth Capital Management LLC bought a new position in shares of Abrdn Global Dynamic Dividend Fund during the 3rd quarter worth about $119,000.

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.