Abrdn Income Credit Strategies Fund (NYSE:ACP – Get Free Report) announced a monthly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.0775 per share by the investment management company on Monday, January 12th. This represents a c) annualized dividend and a dividend yield of 17.2%. The ex-dividend date of this dividend is Wednesday, December 31st.
Abrdn Income Credit Strategies Fund Price Performance
ACP stock opened at $5.40 on Wednesday. Abrdn Income Credit Strategies Fund has a 52 week low of $4.92 and a 52 week high of $6.28. The firm has a 50-day simple moving average of $5.52 and a 200-day simple moving average of $5.77.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Alpine Global Management LLC acquired a new stake in shares of Abrdn Income Credit Strategies Fund during the 3rd quarter worth about $903,000. Advisory Services Network LLC acquired a new stake in Abrdn Income Credit Strategies Fund during the 3rd quarter worth approximately $42,000. NewEdge Advisors LLC boosted its position in Abrdn Income Credit Strategies Fund by 12.5% in the 3rd quarter. NewEdge Advisors LLC now owns 677,841 shares of the investment management company’s stock valued at $3,931,000 after buying an additional 75,138 shares during the period. LGT Financial Advisors LLC acquired a new position in shares of Abrdn Income Credit Strategies Fund in the third quarter worth $55,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Abrdn Income Credit Strategies Fund during the third quarter worth $280,000.
Abrdn Income Credit Strategies Fund Company Profile
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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