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

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $3.89 and traded as high as $3.96. abrdn Global Premier Properties Fund shares last traded at $3.9450, with a volume of 390,591 shares trading hands.

abrdn Global Premier Properties Fund Price Performance

The business has a 50 day simple moving average of $3.89 and a 200 day simple moving average of $3.91.

abrdn Global Premier Properties Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 23rd will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Friday, January 23rd. This represents a c) dividend on an annualized basis and a yield of 12.2%.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

A number of large investors have recently modified their holdings of AWP. Northwestern Mutual Wealth Management Co. bought a new stake in shares of abrdn Global Premier Properties Fund during the second quarter valued at approximately $28,000. Nova Wealth Management Inc. bought a new position in abrdn Global Premier Properties Fund in the 3rd quarter worth approximately $28,000. Ameritas Advisory Services LLC acquired a new position in abrdn Global Premier Properties Fund during the 2nd quarter worth $30,000. Geneos Wealth Management Inc. boosted its position in 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 valued at $36,000 after buying an additional 8,008 shares during the last quarter. Finally, Willner & Heller LLC bought a new position in abrdn Global Premier Properties Fund in the 2nd quarter valued at $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.