Abrdn Income Credit Strategies Fund (NYSE:ACP) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Abrdn Income Credit Strategies Fund (NYSE:ACPGet Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $5.88 and traded as high as $5.98. Abrdn Income Credit Strategies Fund shares last traded at $5.93, with a volume of 477,431 shares.

Abrdn Income Credit Strategies Fund Trading Down 0.2%

The stock’s fifty day moving average price is $5.80 and its 200-day moving average price is $5.88.

Abrdn Income Credit Strategies Fund Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.0775 per share. This represents a $0.93 dividend on an annualized basis and a dividend yield of 15.68%. The ex-dividend date was Monday, June 23rd.

Institutional Investors Weigh In On Abrdn Income Credit Strategies Fund

Large investors have recently modified their holdings of the business. WPG Advisers LLC purchased a new stake in shares of Abrdn Income Credit Strategies Fund during the first quarter worth $34,000. Summit Investment Advisory Services LLC purchased a new stake in shares of Abrdn Income Credit Strategies Fund during the first quarter worth $59,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in shares of Abrdn Income Credit Strategies Fund during the 4th quarter valued at about $60,000. Naviter Wealth LLC acquired a new position in shares of Abrdn Income Credit Strategies Fund during the 4th quarter valued at about $65,000. Finally, Avantax Advisory Services Inc. acquired a new position in shares of Abrdn Income Credit Strategies Fund during the 4th quarter valued at about $76,000.

Abrdn Income Credit Strategies Fund Company Profile

(Get Free Report)

Abrdn Income Credit Strategies Fund is a closed-ended fixed income fund launched and managed by Aberdeen Asset Managers Limited. It is co-managed by Aberdeen Standard Investments Inc The fund invests in fixed income markets across the globe. It seeks to invest primarily in loan and debt instruments. Abrdn Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.

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