Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Shares Pass Above 200-Day Moving Average – Here’s Why

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.89 and traded as high as $10.49. Aberdeen Total Dynamic Dividend Fund shares last traded at $10.4150, with a volume of 228,574 shares traded.

Aberdeen Total Dynamic Dividend Fund Stock Performance

The firm has a 50 day simple moving average of $9.94 and a 200-day simple moving average of $9.90.

Aberdeen Total Dynamic Dividend Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be given a $0.10 dividend. The ex-dividend date is Thursday, May 21st. This represents a c) dividend on an annualized basis and a yield of 11.5%.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AOD. Guggenheim Capital LLC raised its position in Aberdeen Total Dynamic Dividend Fund by 30.1% in the fourth quarter. Guggenheim Capital LLC now owns 937,402 shares of the investment management company’s stock valued at $9,140,000 after purchasing an additional 216,755 shares during the period. International Assets Investment Management LLC raised its position in Aberdeen Total Dynamic Dividend Fund by 160.8% in the fourth quarter. International Assets Investment Management LLC now owns 343,356 shares of the investment management company’s stock valued at $3,348,000 after purchasing an additional 211,676 shares during the period. Evolve Private Wealth LLC purchased a new stake in Aberdeen Total Dynamic Dividend Fund in the fourth quarter valued at $2,009,000. Cetera Investment Advisers raised its position in Aberdeen Total Dynamic Dividend Fund by 34.9% in the fourth quarter. Cetera Investment Advisers now owns 494,194 shares of the investment management company’s stock valued at $4,818,000 after purchasing an additional 127,834 shares during the period. Finally, Advisors Asset Management Inc. raised its position in Aberdeen Total Dynamic Dividend Fund by 28.5% in the third quarter. Advisors Asset Management Inc. now owns 552,302 shares of the investment management company’s stock valued at $5,225,000 after purchasing an additional 122,585 shares during the period.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.