Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Stock Price Down 1.3% – Here’s What Happened

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) dropped 1.3% during mid-day trading on Thursday . The company traded as low as $19.50 and last traded at $19.56. Approximately 191,380 shares traded hands during mid-day trading, an increase of 82% from the average daily volume of 104,975 shares. The stock had previously closed at $19.81.

Abrdn Global Infrastructure Income Fund Stock Down 1.3 %

The stock has a 50 day simple moving average of $19.88 and a 200 day simple moving average of $18.96.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Thursday, October 31st. Investors of record on Thursday, October 24th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, October 24th. This represents a $2.52 dividend on an annualized basis and a yield of 12.89%.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 41,344 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were bought at an average cost of $19.32 per share, for a total transaction of $798,766.08. Following the completion of the purchase, the insider now owns 2,957,749 shares of the company’s stock, valued at $57,143,710.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Several large investors have recently made changes to their positions in ASGI. Karpus Management Inc. increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 1.6% during the first quarter. Karpus Management Inc. now owns 659,067 shares of the company’s stock valued at $11,698,000 after purchasing an additional 10,534 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Abrdn Global Infrastructure Income Fund during the 3rd quarter worth about $5,175,000. Old Port Advisors acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the 3rd quarter worth approximately $1,885,000. Capital Investment Advisors LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the third quarter valued at approximately $1,584,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the second quarter valued at approximately $1,228,000.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.