Aberdeen Income Credit Strategies Fund (NYSE:ACP)’s stock price rose 0.2% on Friday . The company traded as high as $12.52 and last traded at $12.45. Approximately 1,249 shares were traded during trading, a decline of 99% from the average daily volume of 94,106 shares. The stock had previously closed at $12.43.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.12 per share. The ex-dividend date is Thursday, June 20th. This represents a $1.44 dividend on an annualized basis and a yield of 11.56%.

Several hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its stake in shares of Aberdeen Income Credit Strategies Fund by 1.3% in the fourth quarter. Advisor Group Inc. now owns 113,460 shares of the investment management company’s stock worth $1,189,000 after acquiring an additional 1,500 shares during the period. Vista Private Wealth Partners. LLC grew its stake in shares of Aberdeen Income Credit Strategies Fund by 26.3% in the first quarter. Vista Private Wealth Partners. LLC now owns 14,695 shares of the investment management company’s stock worth $181,000 after acquiring an additional 3,056 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Aberdeen Income Credit Strategies Fund by 2.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 145,932 shares of the investment management company’s stock worth $1,768,000 after acquiring an additional 3,848 shares during the period. Wells Fargo & Company MN grew its stake in shares of Aberdeen Income Credit Strategies Fund by 10.0% in the first quarter. Wells Fargo & Company MN now owns 144,798 shares of the investment management company’s stock worth $1,755,000 after acquiring an additional 13,185 shares during the period. Finally, First Allied Advisory Services Inc. grew its stake in shares of Aberdeen Income Credit Strategies Fund by 173.7% in the fourth quarter. First Allied Advisory Services Inc. now owns 49,611 shares of the investment management company’s stock worth $518,000 after acquiring an additional 31,484 shares during the period.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.thecerbatgem.com/2019/06/16/aberdeen-income-credit-strategies-fund-nyseacp-stock-price-up-0-2.html.

Aberdeen Income Credit Strategies Fund Company Profile (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.

Featured Article: Understanding Market Liquidity

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.