Deschutes Portfolio Strategy buys $5,309,598 stake in Alpine Total Dynamic Dividend Fund (AOD)

Alpine Total Dynamic Dividend Fund (AOD) : Deschutes Portfolio Strategy scooped up 59,000 additional shares in Alpine Total Dynamic Dividend Fund during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 701,400 shares of Alpine Total Dynamic Dividend Fund which is valued at $5,309,598.Alpine Total Dynamic Dividend Fund makes up approximately 2.83% of Deschutes Portfolio Strategy’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants sold out all of its stake in AOD during the most recent quarter. The investment firm sold 104,776 shares of AOD which is valued $793,154.Creative Planning boosted its stake in AOD in the latest quarter, The investment management firm added 587 additional shares and now holds a total of 4,066 shares of Alpine Total Dynamic Dividend Fund which is valued at $30,536.

Alpine Total Dynamic Dividend Fund opened for trading at $7.56 and hit $7.57 on the upside on Monday, eventually ending the session at $7.57, with a gain of 0.40% or 0.03 points. The heightened volatility saw the trading volume jump to 2,79,374 shares. Company has a market cap of $782 M.

Alpine Total 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. The Fund also focuses on long-term growth of capital as a secondary investment objective. The Fund invests in equity-linked structured notes. It also invests in equity-linked securities and various other derivative instruments. It invests in sectors such as financials industrials health care information technology consumer staples energy consumer discretionary materials utilities and telecommunication services among others. It invests in countries which include the United States the United Kingdom Switzerland France and Canada. Alpine Woods Capital Investors LLC serves as the Fund’s investment adviser.

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