abrdn Global Premier Properties Fund (NYSE:AWP) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.95 and traded as low as $3.89. abrdn Global Premier Properties Fund shares last traded at $3.92, with a volume of 229,430 shares traded.

abrdn Global Premier Properties Fund Stock Down 0.1%

The company’s 50 day moving average is $3.95 and its 200 day moving average is $3.88.

abrdn Global Premier Properties Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Tuesday, September 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Abel Hall LLC increased its holdings in abrdn Global Premier Properties Fund by 740.0% during the 2nd quarter. Abel Hall LLC now owns 84,000 shares of the investment management company’s stock worth $333,000 after purchasing an additional 74,000 shares during the period. Willner & Heller LLC purchased a new position in shares of abrdn Global Premier Properties Fund during the second quarter valued at $40,000. Integrity Alliance LLC. purchased a new position in shares of abrdn Global Premier Properties Fund during the first quarter valued at $53,000. Samalin Investment Counsel LLC increased its position in abrdn Global Premier Properties Fund by 17.8% during the 1st quarter. Samalin Investment Counsel LLC now owns 240,618 shares of the investment management company’s stock valued at $934,000 after purchasing an additional 36,288 shares during the period. Finally, US Bancorp DE purchased a new position in abrdn Global Premier Properties Fund during the 1st quarter valued at about $28,000.

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.