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

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) crossed above its 50 day moving average during trading on Friday . The stock has a 50 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.

abrdn Global Premier Properties Fund Stock Performance

The stock has a fifty day simple moving average of $4.43 and a 200-day simple moving average of $4.05.

abrdn Global Premier Properties Fund Announces Dividend

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

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

Large investors have recently modified their holdings of the business. J.W. Cole Advisors Inc. lifted its stake in abrdn Global Premier Properties Fund by 125.6% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 180,672 shares of the investment management company’s stock valued at $835,000 after purchasing an additional 100,600 shares during the last quarter. Private Advisor Group LLC lifted its stake in abrdn Global Premier Properties Fund by 17.2% in the 3rd quarter. Private Advisor Group LLC now owns 151,002 shares of the investment management company’s stock valued at $698,000 after purchasing an additional 22,149 shares during the last quarter. SeaCrest Wealth Management LLC lifted its stake in abrdn Global Premier Properties Fund by 6.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 72,784 shares of the investment management company’s stock valued at $336,000 after purchasing an additional 4,396 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in abrdn Global Premier Properties Fund in the 2nd quarter valued at about $364,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in abrdn Global Premier Properties Fund in the 2nd quarter valued at about $96,000.

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.