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

abrdn Global Premier Properties Fund (NYSE:AWP) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.89 and traded as high as $3.93. abrdn Global Premier Properties Fund shares last traded at $3.9150, with a volume of 152,967 shares traded.

abrdn Global Premier Properties Fund Stock Performance

The business has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $3.91.

abrdn Global Premier Properties Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.04 dividend. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend is Wednesday, December 31st.

Institutional Trading of abrdn Global Premier Properties Fund

Several institutional investors have recently made changes to their positions in the company. Susquehanna International Group LLP purchased a new stake in shares of abrdn Global Premier Properties Fund in the third quarter valued at about $514,000. Moors & Cabot Inc. grew its position in abrdn Global Premier Properties Fund by 39.2% in the 3rd quarter. Moors & Cabot Inc. now owns 22,021 shares of the investment management company’s stock worth $87,000 after purchasing an additional 6,201 shares in the last quarter. Millennium Management LLC purchased a new stake in abrdn Global Premier Properties Fund in the 3rd quarter valued at about $457,000. SeaCrest Wealth Management LLC lifted its position in shares of abrdn Global Premier Properties Fund by 9.0% during the 3rd quarter. SeaCrest Wealth Management LLC now owns 55,716 shares of the investment management company’s stock worth $217,000 after buying an additional 4,601 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of abrdn Global Premier Properties Fund by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 131,826 shares of the investment management company’s stock worth $523,000 after buying an additional 3,777 shares in the last quarter.

abrdn Global Premier Properties Fund Company Profile

abrdn Global Premier Properties Fund (NYSE: AWP) is a publicly traded, closed-end investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund is managed by abrdn plc, a global asset manager, and primarily invests in equity and debt securities of real estate companies and real estate investment trusts (REITs) worldwide. By trading its shares on the New York Stock Exchange, AWP offers investors access to a diversified portfolio of real estate assets without the need to directly acquire or manage physical properties.

The fund’s investment strategy emphasizes bottom-up security selection, targeting companies that offer attractive dividend yields, earnings growth potential and stable cash flows.