abrdn Global Dynamic Dividend Fund
AGD
51 hedge funds and large institutions have $26M invested in abrdn Global Dynamic Dividend Fund in 2020 Q1 according to their latest regulatory filings, with 16 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 9 closing their positions.
78% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 9
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
11% more funds holding
Funds holding: 46 → 51 (+5)
0.36% more ownership
Funds ownership: 27.82% → 28.18% (+0.36%)
28% less capital invested
Capital invested by funds: $36.3M → $26M (-$10.3M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$1.2M |
| 2 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
+$995K |
| 3 |
AWS
AJ Wealth Strategies
New York
|
+$861K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$691K |
| 5 |
BBPWM
Blue Bell Private Wealth Management
Blue Bell,
Pennsylvania
|
+$606K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CA
Cornerstone Advisors
Asheville,
North Carolina
|
-$2.47M |
| 2 |
TJHA
Thomas J. Herzfeld Advisors
Miami Beach,
Florida
|
-$1.36M |
| 3 |
SFS
Shaker Financial Services
Arlington,
Virginia
|
-$787K |
| 4 |
RJA
Raymond James & Associates
St Petersburg,
Florida
|
-$754K |
| 5 |
Morgan Stanley
New York
|
-$296K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PFS
51
Prospera Financial Services
Dallas,
Texas
| – | -$125K | -12,060 | Closed |
|
|
RJFSA
52
Raymond James Financial Services Advisors
St. Petersburg,
Florida
| – | -$104K | -10,025 | Closed |
|
|
FIA
53
FNY Investment Advisers
New York
| – | -$43K | -4,179 | Closed |
|
|
PA
54
Procyon Advisors
Shelton,
Connecticut
| – | -$12K | -1,140 | Closed |
|
|
BAM
55
Bellevue Asset Management
Bellevue,
Washington
| – | -$3K | -287 | Closed |
|
|
NFG
56
Next Financial Group
Houston,
Texas
| – | -$3K | -250 | Closed |
|
57
Fidelity Investments
Boston,
Massachusetts
| – | +$9 | +1 | New |
|
|
WLPWM
58
Walled Lake Planning & Wealth Management
Winnetka,
Illinois
| – | +$179 | +19 | New |
|
AGD Hedge Fund Activity: Q1 2020 in Review
51 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in abrdn Global Dynamic Dividend Fund (AGD) for Q1 2020, worth a combined $26M — down 28% from $36.3M a quarter earlier.
Buyers outnumbered sellers: 16 funds opened new AGD positions and 9 closed out — a net gain of 7 holders — while 15 added to existing stakes and 12 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $1.2M. The largest seller was Cornerstone Advisors, exiting entirely with an estimated $2.47M sold.
- 51 institutional investors held abrdn Global Dynamic Dividend Fund (AGD) as of Q1 2020, up from 46 in Q4 2019.
- Funds reported $26M of abrdn Global Dynamic Dividend Fund stock for Q1 2020, down 28% quarter-over-quarter.
- 16 funds opened new abrdn Global Dynamic Dividend Fund positions in Q1 2020 and 9 closed out, a net change of +7 holders.
- The largest abrdn Global Dynamic Dividend Fund buyer in Q1 2020 was Karpus Investment Management, an estimated $1.2M added.
- The largest abrdn Global Dynamic Dividend Fund seller in Q1 2020 was Cornerstone Advisors, an estimated $2.47M sold.
Based on aggregated 13F filings for Q1 2020.