The company is trading up since yesterday’s close of $10.29. Shares of the company are trading at $10.39 just above $10.21, the 50 day moving average and which is marginally higher than the 200 day moving average of $9.66. The 50 day moving average went up by +1.80% whereas the 200 day moving average was up $0.73 or +7.53%.
Alpine Global Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Fund’s primary investment objective is to seek high current dividend income. It also focuses on long-term growth of capital as a secondary investment objective. The Fund may invest in equity-linked structured notes..
Here are a few other firms who have also updated their positions. Saba Capital Management, L.p. trimmed its holdings by selling 158,975 shares a decrease of 15.3% from 12/31/2016 to 03/31/2017. Saba Capital Management, L.p. now controls 877,639 shares worth $8,566,000. The total value of its holdings decreased 5.8%. As of quarter end Rivernorth Capital Management, LLC had acquired a total of 512,205 shares growing its position 354.1%. The value in dollars increased from $1,269,000 to $6,411,000 a change of 405.2% for the reporting period.
As of the end of the quarter Thomas J. Herzfeld Advisors, Inc. had sold 8,574 shares trimming its stake by 2.6%. The value of the investment in Alpine Global Dynamic Dividend went from $2,879,000 to $3,120,000 a change of $241,000 since the last quarter. As of quarter end 1607 Capital Partners, LLC had disposed of a total of 16,200 shares trimming its holdings by 8.3%. The value of the investment in (AGD) went from $1,716,000 to $1,752,000 increasing 2.1% quarter to quarter.