abrdn Global Premier Properties Fund (NYSE:AWP) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $11.70 and traded as low as $11.61. abrdn Global Premier Properties Fund shares last traded at $11.7950, with a volume of 235,236 shares changing hands.

abrdn Global Premier Properties Fund Trading Up 0.3%

The business has a fifty day moving average price of $11.70 and a 200 day moving average price of $11.74.

abrdn Global Premier Properties Fund Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 23rd were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, January 23rd. This is an increase from abrdn Global Premier Properties Fund’s previous monthly dividend of $0.04. This represents a c) annualized dividend and a dividend yield of 12.2%.

Institutional Trading of abrdn Global Premier Properties Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its stake in abrdn Global Premier Properties Fund by 3.0% during the 2nd quarter. Penserra Capital Management LLC now owns 2,346,351 shares of the investment management company’s stock worth $9,291,000 after buying an additional 69,339 shares during the period. Osaic Holdings Inc. boosted its stake in shares of abrdn Global Premier Properties Fund by 7.4% in the 2nd quarter. Osaic Holdings Inc. now owns 543,080 shares of the investment management company’s stock worth $2,151,000 after buying an additional 37,649 shares during the last quarter. NWF Advisory Services Inc. boosted its position in abrdn Global Premier Properties Fund by 6.1% in the third quarter. NWF Advisory Services Inc. now owns 440,225 shares of the investment management company’s stock worth $1,748,000 after purchasing an additional 25,200 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of abrdn Global Premier Properties Fund by 6.7% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 371,941 shares of the investment management company’s stock worth $1,477,000 after buying an additional 23,308 shares during the last quarter. Finally, OneAscent Financial Services LLC boosted its stake in abrdn Global Premier Properties Fund by 120.0% in the third quarter. OneAscent Financial Services LLC now owns 359,064 shares of the investment management company’s stock valued at $1,425,000 after acquiring an additional 195,831 shares during 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.