abrdn Global Premier Properties Fund (NYSE:AWP) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

abrdn Global Premier Properties Fund (NYSE:AWP)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $3.93 and traded as high as $4.03. abrdn Global Premier Properties Fund shares last traded at $4.00, with a volume of 441,804 shares traded.

abrdn Global Premier Properties Fund Stock Performance

The business has a 50-day moving average of $3.93 and a 200 day moving average of $3.87.

abrdn Global Premier Properties Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a yield of 12.0%. The ex-dividend date is Tuesday, September 23rd.

Institutional Trading of abrdn Global Premier Properties Fund

A number of hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC boosted its stake in abrdn Global Premier Properties Fund by 3.0% in 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 last quarter. Osaic Holdings Inc. boosted its stake in 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. J.W. Cole Advisors Inc. boosted its stake in abrdn Global Premier Properties Fund by 1.7% in the 2nd quarter. J.W. Cole Advisors Inc. now owns 348,633 shares of the investment management company’s stock worth $1,381,000 after buying an additional 5,964 shares during the last quarter. Royal Bank of Canada boosted its stake in abrdn Global Premier Properties Fund by 10.7% in the 1st quarter. Royal Bank of Canada now owns 346,780 shares of the investment management company’s stock worth $1,345,000 after buying an additional 33,531 shares during the last quarter. Finally, Samalin Investment Counsel LLC raised its holdings in shares of abrdn Global Premier Properties Fund by 6.0% in the 2nd quarter. Samalin Investment Counsel LLC now owns 254,959 shares of the investment management company’s stock worth $1,010,000 after purchasing an additional 14,341 shares during the period.

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.