Lord Abbett Dividend Growth I (NASDAQ:LAMYX – Get Free Report)’s share price crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $27.40 and traded as low as $27.39. Lord Abbett Dividend Growth I shares last traded at $27.39, with a volume of 0 shares changing hands.
Lord Abbett Dividend Growth I Stock Performance
The firm’s fifty day moving average is $27.40.
Lord Abbett Dividend Growth I is an institutional share class of an actively managed mutual fund offered by Lord, Abbett & Co. The fund seeks long-term growth of capital and current income by investing primarily in dividend-paying stocks. The portfolio focuses on companies that the investment team believes can sustain or grow their dividends over time. Its holdings are generally U.S. companies, and the fund’s performance may be affected by stock-market conditions and changes in dividend policies.
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