Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Share Price Passes Above 50-Day Moving Average of $7.51

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $7.51 and traded as high as $7.80. Aberdeen Total Dynamic Dividend Fund shares last traded at $7.80, with a volume of 497,821 shares changing hands.

Aberdeen Total Dynamic Dividend Fund Stock Performance

The business has a fifty day simple moving average of $7.51 and a two-hundred day simple moving average of $7.91.

Aberdeen Total Dynamic Dividend Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 22nd will be issued a dividend of $0.058 per share. This represents a $0.70 dividend on an annualized basis and a yield of 8.93%. This is an increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.06. The ex-dividend date is Tuesday, November 21st.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Cetera Advisor Networks LLC boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 4.5% during the first quarter. Cetera Advisor Networks LLC now owns 30,535 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 1,323 shares in the last quarter. Carolinas Wealth Consulting LLC boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 30.8% during the first quarter. Carolinas Wealth Consulting LLC now owns 5,924 shares of the investment management company’s stock valued at $57,000 after purchasing an additional 1,396 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 4.8% in the first quarter. Cetera Investment Advisers now owns 31,458 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 1,444 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 8.6% in the second quarter. Mercer Global Advisors Inc. ADV now owns 18,752 shares of the investment management company’s stock valued at $155,000 after acquiring an additional 1,489 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 3.1% in the first quarter. Baird Financial Group Inc. now owns 50,596 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 1,518 shares during the last quarter.