abrdn Global Premier Properties Fund (NYSE:AWP) Plans Monthly Dividend of $0.12

abrdn Global Premier Properties Fund (NYSE:AWP) declared a monthly dividend on Tuesday, February 10th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.12 per share by the investment management company on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Friday, February 20th.

abrdn Global Premier Properties Fund Stock Performance

Shares of abrdn Global Premier Properties Fund stock traded up $0.06 during trading on Wednesday, hitting $12.16. The company’s stock had a trading volume of 97,618 shares, compared to its average volume of 138,723. abrdn Global Premier Properties Fund has a 52 week low of $9.81 and a 52 week high of $12.21. The stock has a 50-day moving average price of $11.71 and a two-hundred day moving average price of $11.74.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

A number of hedge funds have recently made changes to their positions in the stock. CoreCap Advisors LLC increased its position in abrdn Global Premier Properties Fund by 21.4% during the 4th quarter. CoreCap Advisors LLC now owns 23,393 shares of the investment management company’s stock valued at $90,000 after purchasing an additional 4,124 shares during the period. Moors & Cabot Inc. boosted its stake in shares of abrdn Global Premier Properties Fund by 39.2% in the 3rd quarter. Moors & Cabot Inc. now owns 22,021 shares of the investment management company’s stock valued at $87,000 after purchasing an additional 6,201 shares during the last quarter. Capital Investment Advisory Services LLC acquired a new stake in shares of abrdn Global Premier Properties Fund during the fourth quarter worth $40,000. Great Valley Advisor Group Inc. acquired a new stake in shares of abrdn Global Premier Properties Fund during the second quarter worth $45,000. Finally, Benjamin Edwards Inc. raised its stake in abrdn Global Premier Properties Fund by 11.8% during the fourth quarter. Benjamin Edwards Inc. now owns 31,419 shares of the investment management company’s stock worth $121,000 after buying an additional 3,328 shares during the last quarter.

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.