abrdn Global Premier Properties Fund (NYSE:AWP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.19 and traded as low as $3.80. abrdn Global Premier Properties Fund shares last traded at $3.80, with a volume of 442,219 shares changing hands.

abrdn Global Premier Properties Fund Stock Performance

The firm has a 50 day moving average price of $4.30 and a 200-day moving average price of $4.19.

abrdn Global Premier Properties Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be issued a $0.04 dividend. This represents a $0.48 annualized dividend and a dividend yield of 12.63%. The ex-dividend date is Monday, December 30th.

Institutional Trading of abrdn Global Premier Properties Fund

Several large investors have recently modified their holdings of AWP. Atomi Financial Group Inc. acquired a new stake in abrdn Global Premier Properties Fund during the 2nd quarter valued at $40,000. TFB Advisors LLC acquired a new stake in shares of abrdn Global Premier Properties Fund during the second quarter valued at $46,000. Commonwealth Equity Services LLC increased its position in abrdn Global Premier Properties Fund by 2.5% during the 2nd quarter. Commonwealth Equity Services LLC now owns 98,061 shares of the investment management company’s stock worth $375,000 after purchasing an additional 2,394 shares in the last quarter. Hudson Edge Investment Partners Inc. acquired a new position in abrdn Global Premier Properties Fund in the 2nd quarter valued at about $36,000. Finally, Choreo LLC purchased a new position in abrdn Global Premier Properties Fund in the 2nd quarter valued at about $93,000.

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.