abrdn Global Premier Properties Fund (NYSE:AWP) Shares Scheduled to Reverse Split on Monday, February 9th

abrdn Global Premier Properties Fund (NYSE:AWP) shares are going to reverse split on Monday, February 9th. The 1-3 reverse split was announced on Wednesday, January 21st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 6th.

abrdn Global Premier Properties Fund Trading Down 0.6%

Shares of NYSE:AWP opened at $3.90 on Friday. abrdn Global Premier Properties Fund has a 12-month low of $3.27 and a 12-month high of $4.08. The business’s fifty day simple moving average is $3.90 and its 200-day simple moving average is $3.91.

abrdn Global Premier Properties Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be paid a $0.04 dividend. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date is Friday, January 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in abrdn Global Premier Properties Fund during the third quarter valued at approximately $28,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of abrdn Global Premier Properties Fund during the 2nd quarter valued at $28,000. Ameritas Advisory Services LLC acquired a new stake in shares of abrdn Global Premier Properties Fund in the 2nd quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in shares of abrdn Global Premier Properties Fund by 582.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock worth $36,000 after purchasing an additional 8,008 shares in the last quarter. Finally, Willner & Heller LLC purchased a new position in abrdn Global Premier Properties Fund during the 2nd quarter worth $40,000.

About abrdn Global Premier Properties Fund

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.