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

abrdn Global Premier Properties Fund (NYSE:AWP) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $3.90 and traded as high as $3.98. abrdn Global Premier Properties Fund shares last traded at $3.9150, with a volume of 200,237 shares changing hands.

abrdn Global Premier Properties Fund Stock Performance

The business’s 50 day moving average price is $3.90 and its 200 day moving average price is $3.92.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a dividend of $0.04 per share. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date was Friday, November 21st.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

Several hedge funds and other institutional investors have recently made changes to their positions in AWP. US Bancorp DE acquired a new position in abrdn Global Premier Properties Fund in the 1st quarter valued at $28,000. Nova Wealth Management Inc. acquired a new stake in shares of abrdn Global Premier Properties Fund in the third quarter valued at about $28,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of abrdn Global Premier Properties Fund in the second quarter worth about $28,000. Ameritas Advisory Services LLC acquired a new position in abrdn Global Premier Properties Fund during the second quarter worth about $30,000. Finally, Geneos Wealth Management Inc. boosted its position in abrdn Global Premier Properties Fund by 582.8% during the first quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock worth $36,000 after acquiring an additional 8,008 shares during the last quarter.

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.