abrdn Global Premier Properties Fund (NYSE:AWP) Stock Price Passes Above Fifty 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 $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 changing hands.

abrdn Global Premier Properties Fund Price Performance

The company has a fifty day moving average price of $3.95 and a 200-day moving average price of $4.20.

abrdn Global Premier Properties Fund Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Penserra Capital Management LLC bought a new stake in abrdn Global Premier Properties Fund during the third quarter worth approximately $11,195,000. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of abrdn Global Premier Properties Fund during the 4th quarter valued at approximately $568,000. Raymond James Financial Inc. bought a new position in shares of abrdn Global Premier Properties Fund during the 4th quarter valued at approximately $568,000. Wells Fargo & Company MN raised its holdings in abrdn Global Premier Properties Fund by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 771,959 shares of the investment management company’s stock valued at $2,980,000 after buying an additional 141,202 shares during the period. Finally, Mezzasalma Advisors LLC bought a new stake in abrdn Global Premier Properties Fund in the fourth quarter worth $499,000.

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.