ACP Price Forecast & CEF Analysis. Distribution · NAV · Discount · Expense Ratio · RSI · MACD | US Stocks Today
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💰 A credit-focused closed-end fund (CEF) managed by Aberdeen, this is an income-oriented product that seeks high levels of current income by investing in non-investment grade loans and corporate bonds, providing monthly distributions. It utilizes leverage.
It runs 35% of assets on borrowed money.
Borrowing to buy more lifts gains and deepens losses. This is not the same as an ETF tracking 3x a day.
Against the value of what the fund holds you are paying 11.0% less.
Its holdings are worth $4.80 per share, but it trades at $4.27. Over the past year it usually traded 6.3% below value, so it is cheaper now.
Over the past 1 year, on the lower side
26% below its 1-year high.
Traded less than usual. That is 75% of its average volume.
Holding long would have lost money
Bought 5 years ago, your return today would be -62.2%. The S&P 500 did +62% over the same period.
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Dividends are paid consistently
Pays 20.79% annually in dividends.
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Ownership looks stable
Institutions hold 41.6%.
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Multiple ETFs hold this stock, but only a sliver
Buying this ETF gives you exposure to this stock as well.
It ranks #624 of 1435 in the industry
Based on market cap of $537M.
FAQ
What kind of CEF is ACP?
ACP is a closed-end fund (CEF).
What is the distribution yield of ACP?
ACP's distribution yield is approximately 20.79%, paid out on a regular basis.
What is the 52-week high and low for ACP?
ACP has recorded a 52-week high of $5.76 and a low of $4.12.