Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Trading Up 0.6% – Here’s What Happened

Abrdn Global Infrastructure Income Fund (NYSE:ASGI)’s share price was up 0.6% during trading on Wednesday . The stock traded as high as $22.35 and last traded at $22.27. Approximately 173,640 shares traded hands during mid-day trading, an increase of 1% from the average daily volume of 171,515 shares. The stock had previously closed at $22.13.

Abrdn Global Infrastructure Income Fund Stock Up 0.6%

The firm’s 50-day moving average is $21.03 and its 200 day moving average is $20.69.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 21st were given a dividend of $0.21 per share. This represents a c) annualized dividend and a dividend yield of 11.3%. The ex-dividend date was Friday, November 21st.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

A number of large investors have recently bought and sold shares of the stock. Cetera Investment Advisers increased its position in Abrdn Global Infrastructure Income Fund by 7.0% during the first quarter. Cetera Investment Advisers now owns 23,991 shares of the company’s stock worth $441,000 after buying an additional 1,579 shares in the last quarter. LPL Financial LLC boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 4.0% during the first quarter. LPL Financial LLC now owns 233,112 shares of the company’s stock valued at $4,287,000 after acquiring an additional 9,072 shares during the last quarter. XTX Topco Ltd purchased a new stake in Abrdn Global Infrastructure Income Fund during the 1st quarter worth about $213,000. WealthShield Partners LLC raised its stake in Abrdn Global Infrastructure Income Fund by 2.5% in the 1st quarter. WealthShield Partners LLC now owns 41,918 shares of the company’s stock valued at $771,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Cornerstone Advisors LLC acquired a new position in Abrdn Global Infrastructure Income Fund in the 1st quarter valued at about $2,072,000.

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.