abrdn Global Premier Properties Fund (NYSE:AWP) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

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 $3.95 and traded as high as $3.98. abrdn Global Premier Properties Fund shares last traded at $3.94, with a volume of 293,796 shares traded.

abrdn Global Premier Properties Fund Stock Performance

The business’s 50-day moving average price is $3.95 and its 200-day moving average price is $4.20.

abrdn Global Premier Properties Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 21st will be issued a dividend of $0.04 per share. This represents a $0.48 annualized dividend and a yield of 11.96%. The ex-dividend date of this dividend is Friday, February 21st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Grimes & Company Inc. bought a new stake in abrdn Global Premier Properties Fund during the 4th quarter valued at approximately $39,000. SVB Wealth LLC purchased a new stake in abrdn Global Premier Properties Fund during the 4th quarter valued at approximately $40,000. Hall Capital Management Co. Inc. bought a new stake in shares of abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $44,000. Landscape Capital Management L.L.C. purchased a new position in shares of abrdn Global Premier Properties Fund in the fourth quarter worth $45,000. Finally, Triumph Capital Management bought a new position in shares of abrdn Global Premier Properties Fund during the fourth quarter worth $46,000.

About abrdn Global Premier Properties Fund

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.