abrdn Global Premier Properties Fund (NYSE:AWP) Stock Price Passes Below 50-Day Moving Average – Time to Sell?

abrdn Global Premier Properties Fund (NYSE:AWP) crossed below its 50 day moving average during trading on Monday . The stock has a 50 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 trading hands.

abrdn Global Premier Properties Fund Stock Up 0.6 %

The business has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $4.15.

abrdn Global Premier Properties Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 25th will be given a dividend of $0.04 per share. The ex-dividend date of this dividend is Tuesday, March 25th. This represents a $0.48 dividend on an annualized basis and a yield of 12.32%.

Institutional Trading of abrdn Global Premier Properties Fund

Several large investors have recently bought and sold shares of AWP. Wells Fargo & Company MN boosted its holdings in shares of abrdn Global Premier Properties Fund by 22.4% during the 4th quarter. Wells Fargo & Company MN now owns 771,959 shares of the investment management company’s stock worth $2,980,000 after purchasing an additional 141,202 shares during the last quarter. J.W. Cole Advisors Inc. boosted its stake in abrdn Global Premier Properties Fund by 31.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 237,798 shares of the investment management company’s stock worth $918,000 after buying an additional 57,126 shares during the last quarter. Samalin Investment Counsel LLC grew its holdings in abrdn Global Premier Properties Fund by 10.8% in the 4th quarter. Samalin Investment Counsel LLC now owns 204,330 shares of the investment management company’s stock valued at $789,000 after buying an additional 19,992 shares in the last quarter. LPL Financial LLC grew its holdings in abrdn Global Premier Properties Fund by 22.5% in the 4th quarter. LPL Financial LLC now owns 200,675 shares of the investment management company’s stock valued at $775,000 after buying an additional 36,910 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in shares of abrdn Global Premier Properties Fund by 67.0% in the 3rd quarter. IHT Wealth Management LLC now owns 190,441 shares of the investment management company’s stock worth $876,000 after acquiring an additional 76,434 shares during the last quarter.

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.