abrdn Global Premier Properties Fund (NYSE:AWP) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) passed below its fifty day moving average during trading on Monday . The stock has a fifty 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.

abrdn Global Premier Properties Fund Stock Performance

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

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in AWP. HighTower Advisors LLC bought a new stake in shares of abrdn Global Premier Properties Fund in the 3rd quarter worth approximately $70,000. IHT Wealth Management LLC increased its position in shares of abrdn Global Premier Properties Fund by 67.0% during the third quarter. IHT Wealth Management LLC now owns 190,441 shares of the investment management company’s stock valued at $876,000 after purchasing an additional 76,434 shares during the period. Jane Street Group LLC acquired a new position in shares of abrdn Global Premier Properties Fund in the third quarter valued at $65,000. Wealthcare Advisory Partners LLC bought a new position in abrdn Global Premier Properties Fund in the fourth quarter worth $51,000. Finally, Grimes & Company Inc. acquired a new stake in abrdn Global Premier Properties Fund during the fourth quarter worth $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.