abrdn Global Premier Properties Fund (NYSE:AWP) Stock Passes Above 50-Day Moving Average of $4.10

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $4.10 and traded as high as $4.43. abrdn Global Premier Properties Fund shares last traded at $4.41, with a volume of 229,843 shares trading hands.

abrdn Global Premier Properties Fund Price Performance

The company’s 50-day moving average is $4.10 and its 200 day moving average is $3.88.

abrdn Global Premier Properties Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Friday, August 23rd were issued a $0.04 dividend. The ex-dividend date of this dividend was Friday, August 23rd. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisors LLC acquired a new stake in abrdn Global Premier Properties Fund during the 1st quarter worth about $119,000. Virtu Financial LLC purchased a new position in abrdn Global Premier Properties Fund during the first quarter valued at approximately $95,000. SVB Wealth LLC purchased a new position in abrdn Global Premier Properties Fund during the first quarter valued at approximately $41,000. Oppenheimer & Co. Inc. increased its stake in 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 during the period. Finally, J.W. Cole Advisors Inc. lifted its position in 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 worth $91,000 after buying an additional 8,834 shares in the last quarter.

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.