Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $20.54 and traded as high as $21.44. Abrdn Global Infrastructure Income Fund shares last traded at $21.0960, with a volume of 643,412 shares traded.
Abrdn Global Infrastructure Income Fund Stock Performance
The stock’s 50 day moving average price is $20.54 and its 200-day moving average price is $22.80.
Abrdn Global Infrastructure Income Fund Announces Dividend
The business also recently announced a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 6th were issued a dividend of $0.22 per share. The ex-dividend date was Tuesday, October 6th. This represents a $2.64 dividend on an annualized basis and a yield of 12.5%.
Institutional Trading of Abrdn Global Infrastructure Income Fund
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Retirement Planning Co of New England Inc. increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 7.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 20,824 shares of the company’s stock valued at $402,000 after acquiring an additional 1,359 shares during the period. Farther Finance Advisors LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter worth $830,000. Baird Financial Group Inc. boosted its position in Abrdn Global Infrastructure Income Fund by 1.1% during the second quarter. Baird Financial Group Inc. now owns 54,586 shares of the company’s stock valued at $1,269,000 after purchasing an additional 609 shares in the last quarter. Readystate Asset Management LP purchased a new position in Abrdn Global Infrastructure Income Fund in the second quarter valued at about $574,000. Finally, Wedbush Securities Inc. purchased a new position in shares of Abrdn Global Infrastructure Income Fund in the 2nd quarter worth approximately $223,000.
About Abrdn Global Infrastructure Income Fund
Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment fund managed by abrdn Inc The fund seeks to provide investors with a high level of current income and the opportunity for capital appreciation by investing in infrastructure-related assets and companies.
ASGI invests globally across infrastructure sectors, including utilities, energy, transportation, communications and other essential services. Its portfolio may include common and preferred stocks, debt securities and other income-producing investments issued by companies involved in developing, owning or operating infrastructure assets.
The fund provides exposure to infrastructure businesses in the United States and international markets, including developed and emerging economies.
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