abrdn Global Premier Properties Fund (NYSE:AWP) Shares Cross Below 50 Day Moving Average – Here’s Why

abrdn Global Premier Properties Fund (NYSE:AWP)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.94 and traded as low as $3.91. abrdn Global Premier Properties Fund shares last traded at $3.94, with a volume of 274,245 shares changing hands.

abrdn Global Premier Properties Fund Price Performance

The business has a fifty day simple moving average of $3.94 and a 200 day simple moving average of $3.88.

abrdn Global Premier Properties Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd will be issued a $0.04 dividend. The ex-dividend date is Tuesday, September 23rd. This represents a c) annualized dividend and a yield of 12.2%.

Institutional Trading of abrdn Global Premier Properties Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AWP. US Bancorp DE purchased a new stake in shares of abrdn Global Premier Properties Fund during the 1st quarter worth about $28,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of abrdn Global Premier Properties Fund during the 2nd quarter worth about $28,000. MV Capital Management Inc. purchased a new stake in shares of abrdn Global Premier Properties Fund during the 1st quarter worth about $29,000. Ameritas Advisory Services LLC purchased a new stake in shares of abrdn Global Premier Properties Fund during the 2nd quarter worth about $30,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of abrdn Global Premier Properties Fund by 582.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock worth $36,000 after purchasing an additional 8,008 shares during the period.

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.