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

abrdn Global Premier Properties Fund (NYSE:AWP)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.79 and traded as high as $3.91. abrdn Global Premier Properties Fund shares last traded at $3.84, with a volume of 248,158 shares traded.

abrdn Global Premier Properties Fund Trading Down 1.9%

The firm’s 50 day simple moving average is $3.79 and its two-hundred day simple moving average is $3.95.

abrdn Global Premier Properties Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 22nd will be given a dividend of $0.04 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.51%. The ex-dividend date of this dividend is Thursday, May 22nd.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. US Bancorp DE bought a new position in shares of abrdn Global Premier Properties Fund during the first quarter valued at approximately $28,000. MV Capital Management Inc. acquired a new position in abrdn Global Premier Properties Fund during the 1st quarter valued at approximately $29,000. Geneos Wealth Management Inc. boosted its position in abrdn Global Premier Properties Fund by 582.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 8,008 shares during the period. Grimes & Company Inc. bought a new position in abrdn Global Premier Properties Fund during the 4th quarter worth $39,000. Finally, SVB Wealth LLC acquired a new stake in abrdn Global Premier Properties Fund in the fourth quarter worth $40,000.

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.