abrdn Global Premier Properties Fund (NYSE:AWP) Shares Set to Reverse Split on Monday, February 9th

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) are scheduled to reverse split before the market opens on Monday, February 9th. The 1-3 reverse split was announced on Wednesday, January 21st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 6th.

abrdn Global Premier Properties Fund Trading Up 0.1%

Shares of AWP stock opened at $3.89 on Wednesday. The business’s 50 day moving average is $3.90 and its two-hundred day moving average is $3.91. abrdn Global Premier Properties Fund has a twelve month low of $3.27 and a twelve month high of $4.08.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be given a $0.04 dividend. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date is Friday, January 23rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in AWP. Capital Investment Advisory Services LLC purchased a new position in abrdn Global Premier Properties Fund during the fourth quarter worth about $40,000. Mezzasalma Advisors LLC increased its position in abrdn Global Premier Properties Fund by 2.3% during the 4th quarter. Mezzasalma Advisors LLC now owns 134,777 shares of the investment management company’s stock worth $518,000 after purchasing an additional 3,036 shares during the period. CoreCap Advisors LLC raised its stake in shares of abrdn Global Premier Properties Fund by 21.4% during the 4th quarter. CoreCap Advisors LLC now owns 23,393 shares of the investment management company’s stock worth $90,000 after buying an additional 4,124 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in shares of abrdn Global Premier Properties Fund in the 3rd quarter valued at approximately $514,000. Finally, Moors & Cabot Inc. boosted its stake in shares of abrdn Global Premier Properties Fund by 39.2% in the third quarter. Moors & Cabot Inc. now owns 22,021 shares of the investment management company’s stock valued at $87,000 after buying an additional 6,201 shares in the last quarter.

About abrdn Global Premier Properties Fund

abrdn Global Premier Properties Fund (NYSE: AWP) is a publicly traded, closed-end investment company that seeks to provide total return through a combination of current income and capital appreciation. The fund is managed by abrdn plc, a global asset manager, and primarily invests in equity and debt securities of real estate companies and real estate investment trusts (REITs) worldwide. By trading its shares on the New York Stock Exchange, AWP offers investors access to a diversified portfolio of real estate assets without the need to directly acquire or manage physical properties.

The fund’s investment strategy emphasizes bottom-up security selection, targeting companies that offer attractive dividend yields, earnings growth potential and stable cash flows.