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

abrdn Global Premier Properties Fund (NYSE:AWP)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $3.96 and traded as low as $3.88. abrdn Global Premier Properties Fund shares last traded at $3.90, with a volume of 270,261 shares traded.

abrdn Global Premier Properties Fund Stock Performance

The business’s 50 day moving average price is $3.96 and its 200 day moving average price is $4.15.

abrdn Global Premier Properties Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th will be given a $0.04 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 12.32%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Several hedge funds have recently modified their holdings of AWP. HighTower Advisors LLC acquired a new position in abrdn Global Premier Properties Fund in the 3rd quarter worth about $70,000. IHT Wealth Management LLC increased its position in shares of abrdn Global Premier Properties Fund by 67.0% in the third quarter. IHT Wealth Management LLC now owns 190,441 shares of the investment management company’s stock valued at $876,000 after buying an additional 76,434 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of abrdn Global Premier Properties Fund during the 3rd quarter worth approximately $65,000. Wealthcare Advisory Partners LLC purchased a new position in shares of abrdn Global Premier Properties Fund during the 4th quarter valued at approximately $51,000. Finally, Grimes & Company Inc. purchased a new position in shares of abrdn Global Premier Properties Fund during the 4th quarter valued at approximately $39,000.

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.