Aberdeen Global Premier Properties Fund of Beneficial Interest (NYSE:AWP) traded at a new 52-week high today of $6.21. This new high was reached on below average trading volume as 121,000 shares traded hands, while the average 30-day volume is approximately 467,000 shares.
Aberdeen Global Premier Properties Fund of Beneficial Interest (NYSE:AWP) is currently priced 3.6% above its average consensus analyst price target of $5.97.
In the past 52 weeks, Aberdeen Global Premier Properties Fund of Beneficial Interest share prices are bracketed by a low of $3.92 and a high of $6.21 and is now at $6.19, 58% above that low price.
The fund will invest at least 80% of its managed assets in the equity and, to a lesser extent, debt securities of domestic and foreign issuers which are principally engaged in the real estate industry or real estate financing or which control significant real estate assets. Under normal circumstances, the Fund expects to invest in the securities of issuers in 10 to 30 countries. The Fund seeks to provide income without regard to whether any income generated by dividends qualifies for the reduced US federal income tax rates. The Fund may invest up to 10% of its managed assets in illiquid securities. The Fund limits its investments in countries that are considered emerging markets to no more than 35% of the Funds managed assets at any one time. The Fund expects to invest between 50% and 80% of its managed assets in the securities of non-US issuers.
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