abrdn Global Premier Properties Fund (NYSE:AWP) Stock Price Breaks Above Fifty Day Moving Average – Here’s Why

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $10.58 and traded as high as $10.61. abrdn Global Premier Properties Fund shares last traded at $10.5890, with a volume of 61,710 shares trading hands.

abrdn Global Premier Properties Fund Stock Performance

The stock has a 50 day simple moving average of $10.58 and a 200 day simple moving average of $11.53.

abrdn Global Premier Properties Fund Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Friday, October 23rd were issued a dividend of $0.11 per share. This is a decrease from abrdn Global Premier Properties Fund’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Friday, October 23rd. This represents a $1.32 annualized dividend and a dividend yield of 12.5%.

abrdn Global Premier Properties Fund Company Profile

abrdn Global Premier Properties Fund is a diversified, closed-end investment company listed on the New York Stock Exchange under the symbol AWP. The fund is managed by abrdn and seeks to provide investors with exposure to the global real estate sector through a portfolio of publicly traded real estate securities.

The fund primarily invests in real estate investment trusts (REITs), real estate operating companies and other companies whose businesses are connected to the ownership, development, management or financing of real property.