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

abrdn Global Premier Properties Fund (NYSE:AWP)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.39 and traded as high as $4.44. abrdn Global Premier Properties Fund shares last traded at $4.39, with a volume of 240,984 shares changing hands.

abrdn Global Premier Properties Fund Trading Up 2.3 %

The company’s 50-day moving average is $4.39 and its two-hundred day moving average is $4.02.

abrdn Global Premier Properties Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be issued a $0.04 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 10.69%. The ex-dividend date of this dividend is Thursday, October 24th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new position in abrdn Global Premier Properties Fund in the 2nd quarter worth about $364,000. OneAscent Financial Services LLC grew its position in abrdn Global Premier Properties Fund by 92.2% in the 1st quarter. OneAscent Financial Services LLC now owns 131,170 shares of the investment management company’s stock worth $519,000 after purchasing an additional 62,910 shares during the period. Nomura Holdings Inc. bought a new stake in abrdn Global Premier Properties Fund in the 4th quarter worth approximately $222,000. J.W. Cole Advisors Inc. raised its stake in abrdn Global Premier Properties Fund by 249.9% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 80,072 shares of the investment management company’s stock valued at $306,000 after buying an additional 57,188 shares during the last quarter. Finally, Cetera Advisors LLC bought a new position in shares of abrdn Global Premier Properties Fund during the 1st quarter valued at $119,000.

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.