abrdn Global Premier Properties Fund Shares Set to Reverse Split on Monday, February 9th (NYSE:AWP)

Shares of abrdn Global Premier Properties Fund (NYSE:AWP) are scheduled to reverse split before the market opens on Monday, February 9th. The 1-3 reverse split was announced on Wednesday, January 21st. The number of shares owned by shareholders will be adjusted after the market closes on Friday, February 6th.

abrdn Global Premier Properties Fund Trading Up 0.5%

Shares of AWP stock opened at $3.94 on Friday. The business’s 50 day moving average is $3.90 and its two-hundred day moving average is $3.91. abrdn Global Premier Properties Fund has a twelve month low of $3.27 and a twelve month high of $4.08.

abrdn Global Premier Properties Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 23rd were paid a $0.04 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 12.2%. The ex-dividend date was Friday, January 23rd.

Institutional Investors Weigh In On abrdn Global Premier Properties Fund

A number of institutional investors have recently modified their holdings of the stock. Mezzasalma Advisors LLC grew its stake in abrdn Global Premier Properties Fund by 2.3% in the fourth quarter. Mezzasalma Advisors LLC now owns 134,777 shares of the investment management company’s stock worth $518,000 after purchasing an additional 3,036 shares in the last quarter. Private Advisor Group LLC lifted its holdings in abrdn Global Premier Properties Fund by 2.9% during the 3rd quarter. Private Advisor Group LLC now owns 131,826 shares of the investment management company’s stock worth $523,000 after buying an additional 3,777 shares during the last quarter. CoreCap Advisors LLC grew its position in shares of abrdn Global Premier Properties Fund by 21.4% in the 4th quarter. CoreCap Advisors LLC now owns 23,393 shares of the investment management company’s stock worth $90,000 after acquiring an additional 4,124 shares in the last quarter. SeaCrest Wealth Management LLC increased 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. Finally, J.W. Cole Advisors Inc. raised its position 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 acquiring an additional 5,964 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.