Aberdeen Income Credit Strategies Fund (NYSE:ACP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.33 and traded as high as $12.05. Aberdeen Income Credit Strategies Fund shares last traded at $11.98, with a volume of 5,208 shares traded.

The business’s fifty day moving average is $12.47 and its 200-day moving average is $12.33.

The business also recently disclosed a monthly dividend, which was paid on Tuesday, August 27th. Investors of record on Monday, August 19th were issued a dividend of $0.12 per share. The ex-dividend date was Friday, August 16th. This represents a $1.44 dividend on an annualized basis and a yield of 12.02%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACP. SeaCrest Wealth Management LLC increased its holdings in Aberdeen Income Credit Strategies Fund by 36.3% during the second quarter. SeaCrest Wealth Management LLC now owns 28,711 shares of the investment management company’s stock worth $355,000 after buying an additional 7,654 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Aberdeen Income Credit Strategies Fund by 3.9% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 151,601 shares of the investment management company’s stock worth $1,874,000 after buying an additional 5,669 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Aberdeen Income Credit Strategies Fund by 648.6% during the second quarter. Tower Research Capital LLC TRC now owns 5,989 shares of the investment management company’s stock worth $74,000 after buying an additional 5,189 shares during the last quarter.

About Aberdeen Income Credit Strategies Fund (NYSE:ACP)

Avenue Income Credit Strategies Fund is a closed ended fixed income fund launched by Avenue Capital Group. It is managed by Avenue Capital Management II LP. The fund invests in fixed income markets across the globe. It seeks to invest in loan and debt instruments. Avenue Income Credit Strategies Fund was formed on October 12, 2010 and is domiciled in the United States.

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