Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Trading 1.7% Higher – What’s Next?

Abrdn Global Infrastructure Income Fund (NYSE:ASGIGet Free Report)’s stock price shot up 1.7% during trading on Wednesday . The company traded as high as $22.90 and last traded at $22.6460. Approximately 127,763 shares were traded during trading, a decline of 36% from the average session volume of 198,365 shares. The stock had previously closed at $22.26.

Abrdn Global Infrastructure Income Fund Stock Down 1.9%

The stock’s 50 day moving average is $23.87 and its two-hundred day moving average is $23.62.

Abrdn Global Infrastructure Income Fund Announces Dividend

The business also recently announced a monthly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 24th were issued a dividend of $0.22 per share. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a yield of 11.9%.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp raised its position in shares of Abrdn Global Infrastructure Income Fund by 816,720.0% in the 1st quarter. Fifth Third Bancorp now owns 122,523 shares of the company’s stock valued at $2,740,000 after purchasing an additional 122,508 shares during the last quarter. Kestra Advisory Services LLC raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 45.0% during the first quarter. Kestra Advisory Services LLC now owns 27,416 shares of the company’s stock worth $613,000 after purchasing an additional 8,512 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of Abrdn Global Infrastructure Income Fund in the 1st quarter valued at about $41,000. Corient Private Wealth LLC acquired a new position in Abrdn Global Infrastructure Income Fund in the fourth quarter valued at approximately $613,000. Finally, NWF Advisory Services Inc. lifted its stake in shares of Abrdn Global Infrastructure Income Fund by 4.8% in the 4th quarter. NWF Advisory Services Inc. now owns 12,279 shares of the company’s stock valued at $275,000 after purchasing an additional 563 shares during the period.

Abrdn Global Infrastructure Income Fund Company Profile

(Get Free Report)

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.

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