Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Trading 1.7% Higher – Time to Buy?

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) traded up 1.7% on Wednesday . The company traded as high as $22.90 and last traded at $22.6460. 127,763 shares traded hands during mid-day 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 Up 1.7%

The business’s fifty day moving average is $23.88 and its 200 day moving average is $23.65.

Abrdn Global Infrastructure Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 24th were given a $0.22 dividend. The ex-dividend date was Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 11.7%.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

A number of large investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its stake in shares of Abrdn Global Infrastructure Income Fund by 147.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock worth $40,000 after purchasing an additional 1,284 shares in the last quarter. Ascentis Independent Advisors acquired a new position in Abrdn Global Infrastructure Income Fund during the first quarter worth $41,000. Brown Brothers Harriman & Co. lifted its position in shares of Abrdn Global Infrastructure Income Fund by 114.5% in the third quarter. Brown Brothers Harriman & Co. now owns 2,031 shares of the company’s stock worth $43,000 after buying an additional 1,084 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 44.3% during the 4th quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock worth $48,000 after acquiring an additional 664 shares in the last quarter. Finally, Quattro Advisors LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the 4th quarter valued at approximately $62,000.

About Abrdn Global Infrastructure Income Fund

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.