abrdn Global Premier Properties Fund (NYSE:AWP) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

abrdn Global Premier Properties Fund (NYSE:AWP) passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $10.58 and traded as high as $10.61. abrdn Global Premier Properties Fund shares last traded at $10.5890, with a volume of 61,710 shares.

abrdn Global Premier Properties Fund Price Performance

The firm’s 50 day simple moving average is $10.58 and its 200-day simple moving average is $11.53.

abrdn Global Premier Properties Fund Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 23rd were issued a dividend of $0.11 per share. This is a decrease from abrdn Global Premier Properties Fund’s previous monthly dividend of $0.12. This represents a $1.32 dividend on an annualized basis and a dividend yield of 12.5%. The ex-dividend date of this dividend was Friday, October 23rd.

About abrdn Global Premier Properties Fund

abrdn Global Premier Properties Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol AWP. The fund is managed by abrdn and seeks to provide investors with exposure to the global real estate sector through a portfolio of publicly traded real estate securities.

The fund primarily invests in real estate investment trusts (REITs), real estate operating companies and other companies whose businesses are connected to the ownership, development, management or financing of real property.