Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Share Price Breaks Above 200-Day Moving Average – What’s Next?

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 traded.

Aberdeen Total Dynamic Dividend Fund Stock Performance

The stock has a 50 day moving average of $10.28 and a 200-day moving average of $10.23.

Aberdeen Total Dynamic Dividend Fund Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Friday, October 23rd were given a $0.10 dividend. The ex-dividend date was Friday, October 23rd. This is a decrease from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.11. This represents a $1.20 dividend on an annualized basis and a dividend yield of 12.1%.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in shares of 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 buying an additional 27,385 shares in the last quarter. Syverson Strege & Co bought a new position in shares of Aberdeen Total Dynamic Dividend Fund during the third quarter worth $107,000. Kestra Advisory Services LLC boosted its position in shares of Aberdeen Total Dynamic Dividend Fund by 1.4% during the third quarter. Kestra Advisory Services LLC now owns 101,353 shares of the investment management company’s stock worth $1,030,000 after acquiring an additional 1,425 shares during the last quarter. Sigma Planning Corp grew its stake in Aberdeen Total Dynamic Dividend Fund by 41.2% during the third quarter. Sigma Planning Corp now owns 52,984 shares of the investment management company’s stock valued at $538,000 after acquiring an additional 15,455 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in Aberdeen Total Dynamic Dividend Fund by 4.1% during the third quarter. Wedbush Securities Inc. now owns 278,505 shares of the investment management company’s stock valued at $2,830,000 after acquiring an additional 11,097 shares in the last quarter.

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.