abrdn Global Premier Properties Fund (NYSE:AWP) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $3.96 and traded as low as $3.88. abrdn Global Premier Properties Fund shares last traded at $3.90, with a volume of 270,261 shares traded.

abrdn Global Premier Properties Fund Trading Up 0.4 %

The stock’s 50-day moving average is $3.95 and its 200 day moving average is $4.15.

abrdn Global Premier Properties Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, March 25th. This represents a $0.48 dividend on an annualized basis and a yield of 12.65%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

A number of large investors have recently bought and sold shares of AWP. HighTower Advisors LLC acquired a new stake in shares of abrdn Global Premier Properties Fund in the third quarter worth about $70,000. IHT Wealth Management LLC lifted its holdings in abrdn Global Premier Properties Fund by 67.0% in the 3rd quarter. IHT Wealth Management LLC now owns 190,441 shares of the investment management company’s stock worth $876,000 after purchasing an additional 76,434 shares during the last quarter. Jane Street Group LLC acquired a new stake in abrdn Global Premier Properties Fund in the 3rd quarter worth approximately $65,000. Wealthcare Advisory Partners LLC bought a new stake in abrdn Global Premier Properties Fund during the fourth quarter worth approximately $51,000. Finally, Grimes & Company Inc. acquired a new position in abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $39,000.

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.