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

abrdn Global Premier Properties Fund (NYSE:AWP) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.43 and traded as high as $4.48. abrdn Global Premier Properties Fund shares last traded at $4.41, with a volume of 372,793 shares traded.

abrdn Global Premier Properties Fund Stock Down 1.6 %

The firm has a fifty day moving average price of $4.43 and a 200 day moving average price of $4.05.

abrdn Global Premier Properties Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 10.88%. The ex-dividend date is Thursday, October 24th.

Institutional Trading of abrdn Global Premier Properties Fund

Several institutional investors and hedge funds have recently made changes to their positions in AWP. OneAscent Financial Services LLC raised its position in shares of abrdn Global Premier Properties Fund by 92.2% during the 1st quarter. OneAscent Financial Services LLC now owns 131,170 shares of the investment management company’s stock valued at $519,000 after acquiring an additional 62,910 shares during the last quarter. Hartline Investment Corp bought a new stake in shares of abrdn Global Premier Properties Fund in the 1st quarter valued at $45,000. J.W. Cole Advisors Inc. increased its position in shares of abrdn Global Premier Properties Fund by 62.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 22,884 shares of the investment management company’s stock valued at $91,000 after buying an additional 8,834 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of abrdn Global Premier Properties Fund by 3.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 179,765 shares of the investment management company’s stock valued at $712,000 after buying an additional 5,341 shares in the last quarter. Finally, SVB Wealth LLC bought a new stake in shares of abrdn Global Premier Properties Fund in the 1st quarter valued at $41,000.

abrdn Global Premier Properties Fund Company Profile

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.