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

Shares of Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $10.23 and traded as high as $10.24. Aberdeen Total Dynamic Dividend Fund shares last traded at $10.2350, with a volume of 365,006 shares trading hands.

Aberdeen Total Dynamic Dividend Fund Price Performance

The company’s 50-day moving average price is $10.30 and its two-hundred day moving average price is $10.23.

Aberdeen Total Dynamic Dividend Fund Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 23rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, October 23rd. This is a negative change from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.11. This represents a $1.20 annualized dividend and a dividend yield of 11.7%.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its position in shares of Aberdeen Total Dynamic Dividend Fund by 12.7% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 566,770 shares of the investment management company’s stock valued at $5,843,000 after acquiring an additional 63,798 shares in the last quarter. Cetera Investment Advisers lifted its stake in Aberdeen Total Dynamic Dividend Fund by 19.1% during the first quarter. Cetera Investment Advisers now owns 588,528 shares of the investment management company’s stock worth $5,420,000 after purchasing an additional 94,334 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 6.3% in the third quarter. International Assets Investment Management LLC now owns 464,981 shares of the investment management company’s stock worth $4,678,000 after purchasing an additional 27,385 shares during the period. Waterfront Wealth Inc. boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 4.7% in the first quarter. Waterfront Wealth Inc. now owns 406,035 shares of the investment management company’s stock worth $3,740,000 after purchasing an additional 18,364 shares during the period. Finally, Wedbush Securities Inc. boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 4.1% in the third quarter. Wedbush Securities Inc. now owns 278,505 shares of the investment management company’s stock worth $2,830,000 after purchasing an additional 11,097 shares during the period.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund is a diversified closed-end investment company listed on the New York Stock Exchange under the symbol AOD. The fund seeks to provide investors with a high level of current income and long-term capital appreciation by investing primarily in dividend-paying equity securities.

The fund invests across global markets and industries, giving shareholders exposure to companies in the United States and international markets. Its portfolio may include common stocks and other equity-related investments issued by companies with established dividend policies.