abrdn Global Premier Properties Fund Plans Monthly Dividend of $0.04 (NYSE:AWP)

abrdn Global Premier Properties Fund (NYSE:AWP) declared a monthly dividend on Monday, January 12th. Investors of record on Friday, January 23rd will be given a dividend of 0.04 per share by the investment management company on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Friday, January 23rd.

abrdn Global Premier Properties Fund Stock Performance

NYSE:AWP traded down $0.01 during mid-day trading on Tuesday, reaching $3.91. The stock had a trading volume of 368,271 shares, compared to its average volume of 374,059. The firm has a 50 day moving average price of $3.89 and a two-hundred day moving average price of $3.91. abrdn Global Premier Properties Fund has a one year low of $3.27 and a one year high of $4.08.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

Institutional investors and hedge funds have recently modified their holdings of the stock. Private Advisor Group LLC raised its holdings in shares of abrdn Global Premier Properties Fund by 2.9% in the 3rd quarter. Private Advisor Group LLC now owns 131,826 shares of the investment management company’s stock valued at $523,000 after purchasing an additional 3,777 shares in the last quarter. CoreCap Advisors LLC grew its stake in 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 valued at $90,000 after purchasing an additional 4,124 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in shares of abrdn Global Premier Properties Fund by 9.0% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 55,716 shares of the investment management company’s stock valued at $217,000 after acquiring an additional 4,601 shares during the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of abrdn Global Premier Properties Fund by 1.7% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 348,633 shares of the investment management company’s stock valued at $1,381,000 after buying an additional 5,964 shares during the last quarter. Finally, Moors & Cabot Inc. boosted its position in abrdn Global Premier Properties Fund by 39.2% in the 3rd quarter. Moors & Cabot Inc. now owns 22,021 shares of the investment management company’s stock worth $87,000 after purchasing 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.