First Trust Portfolios Reports 9.9% Stake in abrdn Global Properties
Ticker: AWP · Form: SC 13G/A · Filed: Feb 7, 2024 · CIK: 1390195
| Field | Detail |
|---|---|
| Company | Abrdn Global Premier Properties Fund (AWP) |
| Form Type | SC 13G/A |
| Filed Date | Feb 7, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holdings
TL;DR
**First Trust Portfolios still owns 9.9% of abrdn Global Premier Properties Fund as of Dec 31, 2023.**
AI Summary
First Trust Portfolios L.P. and its affiliates, First Trust Advisors L.P. and The Charger Corporation, filed an amended Schedule 13G/A on February 7, 2024, indicating their ownership in abrdn Global Premier Properties Fund (ticker not provided in filing). As of December 31, 2023, they collectively reported beneficial ownership of 1,800,000 shares, representing 9.9% of the fund's Common stock. This filing updates their previous disclosures, showing a change in their stake, which is important for investors to track institutional interest and potential influence on the fund's governance.
Why It Matters
This filing shows that a major institutional investor, First Trust Portfolios L.P., maintains a significant stake in abrdn Global Premier Properties Fund, which can influence the fund's stability and investor confidence.
Risk Assessment
Risk Level: low — This filing is a routine update of institutional ownership and does not indicate any immediate risks or major changes in the company's operations.
Analyst Insight
Investors should note the continued significant institutional ownership by First Trust Portfolios L.P. in abrdn Global Premier Properties Fund, which suggests ongoing confidence from a major player. This could be a positive signal for long-term holders, but it doesn't indicate any immediate catalysts for price movement.
Key Numbers
- 1,800,000 — Shares Beneficially Owned (Represents the total number of Common shares in abrdn Global Premier Properties Fund owned by First Trust Portfolios L.P. and its affiliates as of December 31, 2023.)
- 9.9% — Percentage of Class (Indicates the significant stake First Trust Portfolios L.P. and its affiliates hold in abrdn Global Premier Properties Fund, showing their influence.)
Key Players & Entities
- First Trust Portfolios L.P. (company) — Reporting Person, beneficial owner of abrdn Global Premier Properties Fund
- abrdn Global Premier Properties Fund (company) — Subject Company, whose securities are being reported
- First Trust Advisors L.P. (company) — Affiliate of Reporting Person, beneficial owner
- The Charger Corporation (company) — Affiliate of Reporting Person, beneficial owner
- 1,800,000 shares (dollar_amount) — Total shares beneficially owned by the reporting group
- 9.9% (dollar_amount) — Percentage of class beneficially owned by the reporting group
- December 31, 2023 (date) — Date of event requiring the filing
- February 7, 2024 (date) — Filing date of the SC 13G/A
Forward-Looking Statements
- First Trust Portfolios L.P. will maintain a significant stake in abrdn Global Premier Properties Fund. (First Trust Portfolios L.P.) — medium confidence, target: December 31, 2024
FAQ
Who are the reporting persons in this SC 13G/A filing?
The reporting persons are First Trust Portfolios L.P., First Trust Advisors L.P., and The Charger Corporation, as listed under 'Names of Reporting Persons' in the filing.
What is the subject company of this filing?
The subject company is abrdn Global Premier Properties Fund, as stated under 'Name of Issuer' on the Schedule 13G cover page.
What percentage of abrdn Global Premier Properties Fund's Common stock do the reporting persons beneficially own?
As of December 31, 2023, the reporting persons beneficially own 9.9% of the Common stock of abrdn Global Premier Properties Fund.
How many shares of Common stock are beneficially owned by the reporting persons?
The reporting persons beneficially own 1,800,000 shares of Common stock in abrdn Global Premier Properties Fund.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 7, 2024 regarding abrdn Global Premier Properties Fund (AWP).