abrdn Global Premier Properties Fund (NYSE:AWP) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

abrdn Global Premier Properties Fund (NYSE:AWP)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $3.80 and traded as high as $3.98. abrdn Global Premier Properties Fund shares last traded at $3.96, with a volume of 212,516 shares traded.

abrdn Global Premier Properties Fund Price Performance

The business’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $3.92.

abrdn Global Premier Properties Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, May 30th. Stockholders of record on Thursday, May 22nd were issued a dividend of $0.04 per share. The ex-dividend date was Thursday, May 22nd. This represents a $0.48 annualized dividend and a dividend yield of 12.14%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE bought a new stake in shares of abrdn Global Premier Properties Fund during the 1st quarter valued at about $28,000. MV Capital Management Inc. bought a new position in shares of abrdn Global Premier Properties Fund in the first quarter valued at approximately $29,000. Geneos Wealth Management Inc. lifted its holdings in shares of abrdn Global Premier Properties Fund by 582.8% in the first quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock valued at $36,000 after purchasing an additional 8,008 shares in the last quarter. SVB Wealth LLC purchased a new stake in shares of abrdn Global Premier Properties Fund during the fourth quarter valued at approximately $40,000. Finally, Essex Financial Services Inc. purchased a new stake in shares of abrdn Global Premier Properties Fund during the first quarter valued at approximately $44,000.

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.