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UBS Reduces Stake in Abrdn Property Income Trust

Story Highlights
  • UBS Group AG has reduced its holdings in Abrdn Property Income Trust Ltd to below 5%.
  • This reduction exempts UBS’s holdings from reporting requirements, indicating a strategic portfolio adjustment.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
UBS Reduces Stake in Abrdn Property Income Trust

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Standard Life Investments Property Income ( (GB:API) ) just unveiled an announcement.

UBS Group AG, a major player in investment banking and global wealth management, has reduced its holdings in Abrdn Property Income Trust Ltd, a non-UK issuer, to below 5%. This change means UBS’s holdings are now exempt from reporting requirements, reflecting a strategic adjustment in their investment portfolio.

More about Standard Life Investments Property Income

Average Trading Volume: 1,495,304

Technical Sentiment Signal: Sell

Current Market Cap: £20.59M

For a thorough assessment of API stock, go to TipRanks’ Stock Analysis page.

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