abrdn Global Premier Properties Fund (NYSE:AWP) Stock Passes Below Fifty Day Moving Average – Should You Sell?

abrdn Global Premier Properties Fund (NYSE:AWP) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.89 and traded as low as $3.85. abrdn Global Premier Properties Fund shares last traded at $3.8750, with a volume of 337,343 shares trading hands.

abrdn Global Premier Properties Fund Stock Down 0.4%

The firm’s 50 day simple moving average is $3.89 and its 200-day simple moving average is $3.91.

abrdn Global Premier Properties Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, January 12th. Investors of record on Wednesday, December 31st will be given a $0.04 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AWP. US Bancorp DE acquired a new stake in shares of abrdn Global Premier Properties Fund in the first quarter valued at approximately $28,000. Samalin Investment Counsel LLC raised its position in abrdn Global Premier Properties Fund by 17.8% in the 1st quarter. Samalin Investment Counsel LLC now owns 240,618 shares of the investment management company’s stock valued at $934,000 after purchasing an additional 36,288 shares during the last quarter. Royal Bank of Canada boosted its stake in abrdn Global Premier Properties Fund by 10.7% during the 1st quarter. Royal Bank of Canada now owns 346,780 shares of the investment management company’s stock worth $1,345,000 after purchasing an additional 33,531 shares during the period. Integrity Alliance LLC. purchased a new position in abrdn Global Premier Properties Fund during the 1st quarter worth $53,000. Finally, Geneos Wealth Management Inc. grew its position in abrdn Global Premier Properties Fund by 582.8% during the 1st quarter. Geneos Wealth Management Inc. now owns 9,382 shares of the investment management company’s stock worth $36,000 after purchasing an additional 8,008 shares during the last quarter.

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.