Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Shares Break Below 200-Day Moving Average – What’s Next?

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) shares passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $10.32 and traded as low as $10.07. Aberdeen Total Dynamic Dividend Fund shares last traded at $10.0950, with a volume of 271,783 shares trading hands.

Aberdeen Total Dynamic Dividend Fund Trading Down 0.5%

The firm has a 50-day moving average of $10.47 and a 200 day moving average of $10.33.

Aberdeen Total Dynamic Dividend Fund Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a $0.10 dividend. This is a negative change 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 yield of 11.9%. The ex-dividend date of this dividend is Friday, October 23rd.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AOD. Fifth Third Bancorp purchased a new stake in Aberdeen Total Dynamic Dividend Fund in the 1st quarter worth approximately $28,000. Ascentis Independent Advisors bought a new position in Aberdeen Total Dynamic Dividend Fund during the first quarter valued at approximately $56,000. Bauman Advisory Group LLC bought a new stake in Aberdeen Total Dynamic Dividend Fund in the fourth quarter worth $104,000. Retirement Planning Group LLC bought a new position in shares of Aberdeen Total Dynamic Dividend Fund in the 1st quarter valued at about $123,000. Finally, Compton Financial Group LLC purchased a new stake in Aberdeen Total Dynamic Dividend Fund during the first quarter valued at approximately $231,000.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is a closed-end investment fund managed by abrdn. The fund seeks to provide a high level of current dividend income, with capital appreciation as a secondary objective, by investing primarily in dividend-paying equity securities.

AOD invests in companies across the United States and international markets, using a flexible allocation strategy that can adjust exposure between domestic and foreign equities. Its portfolio may include common stocks and other equity investments issued by companies in a range of industries and geographic regions.

The fund was previously known as Alpine Total Dynamic Dividend Fund before becoming part of the abrdn-managed fund platform.