abrdn Global Premier Properties Fund (NYSE:AWP) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

abrdn Global Premier Properties Fund (NYSE:AWP) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $3.95 and traded as low as $3.83. abrdn Global Premier Properties Fund shares last traded at $3.88, with a volume of 308,924 shares.

abrdn Global Premier Properties Fund Stock Performance

The stock’s fifty day simple moving average is $3.95 and its 200-day simple moving average is $3.88.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 24th will be issued a dividend of $0.04 per share. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Friday, October 24th.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC increased its holdings in abrdn Global Premier Properties Fund by 3.0% during the second quarter. Penserra Capital Management LLC now owns 2,346,351 shares of the investment management company’s stock worth $9,291,000 after buying an additional 69,339 shares during the last quarter. Ameritas Advisory Services LLC bought a new stake in abrdn Global Premier Properties Fund in the second quarter worth about $30,000. Abel Hall LLC raised its position in abrdn Global Premier Properties Fund by 740.0% in the second quarter. Abel Hall LLC now owns 84,000 shares of the investment management company’s stock worth $333,000 after acquiring an additional 74,000 shares during the period. Willner & Heller LLC bought a new stake in abrdn Global Premier Properties Fund in the second quarter worth about $40,000. Finally, Integrity Alliance LLC. bought a new stake in abrdn Global Premier Properties Fund in the first quarter worth about $53,000.

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.