abrdn Global Premier Properties Fund (NYSE:AWP) Share Price Passes Above 50-Day Moving Average – Here’s Why

abrdn Global Premier Properties Fund (NYSE:AWP)’s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $3.78 and traded as high as $3.92. abrdn Global Premier Properties Fund shares last traded at $3.86, with a volume of 427,843 shares.

abrdn Global Premier Properties Fund Stock Down 1.8%

The business’s 50 day moving average is $3.78 and its 200 day moving average is $3.97.

abrdn Global Premier Properties Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be paid a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 12.44%. The ex-dividend date is Thursday, May 22nd.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

A number of large investors have recently bought and sold shares of AWP. US Bancorp DE bought a new position in abrdn Global Premier Properties Fund in the first quarter worth approximately $28,000. MV Capital Management Inc. acquired a new position in shares of abrdn Global Premier Properties Fund during the first quarter worth $29,000. Grimes & Company Inc. acquired a new position in shares of abrdn Global Premier Properties Fund during the fourth quarter worth $39,000. SVB Wealth LLC acquired a new position in shares of abrdn Global Premier Properties Fund during the fourth quarter worth $40,000. Finally, Hall Capital Management Co. Inc. acquired a new position in shares of abrdn Global Premier Properties Fund during the fourth quarter worth $44,000.

About abrdn Global Premier Properties Fund

Abrdn Global Premier Properties Fund is a closed-end equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across real estate sectors. It invests in value stocks of companies.