abrdn Global Premier Properties Fund (NYSE:AWP) Shares Cross Above 50 Day Moving Average – What’s Next?

abrdn Global Premier Properties Fund (NYSE:AWP)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $4.39 and traded as high as $4.44. abrdn Global Premier Properties Fund shares last traded at $4.39, with a volume of 240,984 shares changing hands.

abrdn Global Premier Properties Fund Trading Up 2.3 %

The business has a fifty day simple moving average of $4.39 and a two-hundred day simple moving average of $4.02.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a $0.04 dividend. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $0.48 dividend on an annualized basis and a yield of 10.69%.

Institutional Trading of abrdn Global Premier Properties Fund

A number of hedge funds have recently modified their holdings of AWP. Commonwealth Equity Services LLC lifted its position in abrdn Global Premier Properties Fund by 2.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 98,061 shares of the investment management company’s stock valued at $375,000 after acquiring an additional 2,394 shares during the period. SeaCrest Wealth Management LLC lifted its holdings in shares of abrdn Global Premier Properties Fund by 6.4% during the third quarter. SeaCrest Wealth Management LLC now owns 72,784 shares of the investment management company’s stock valued at $336,000 after purchasing an additional 4,396 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of abrdn Global Premier Properties Fund by 3.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 179,765 shares of the investment management company’s stock worth $712,000 after purchasing an additional 5,341 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of abrdn Global Premier Properties Fund by 62.9% in the 1st quarter. J.W. Cole Advisors Inc. now owns 22,884 shares of the investment management company’s stock worth $91,000 after purchasing an additional 8,834 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. purchased a new stake in shares of abrdn Global Premier Properties Fund in the 2nd quarter worth approximately $36,000.

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.