Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Shares Up 0.7%

Abrdn Global Infrastructure Income Fund (NYSE:ASGIGet Free Report) shares were up 0.7% during mid-day trading on Tuesday . The stock traded as high as $17.62 and last traded at $17.51. Approximately 75,057 shares changed hands during mid-day trading, a decline of 20% from the average daily volume of 94,334 shares. The stock had previously closed at $17.39.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus began coverage on Abrdn Global Infrastructure Income Fund in a report on Monday, October 30th. They issued a “buy” rating on the stock.

Get Our Latest Report on Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund Trading Up 0.7 %

The stock has a fifty day moving average of $17.70 and a two-hundred day moving average of $17.07.

Abrdn Global Infrastructure Income Fund Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 24th were given a dividend of $0.16 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.97%. This is an increase from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.12. The ex-dividend date was Tuesday, January 23rd.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A number of institutional investors have recently bought and sold shares of ASGI. Atlas Wealth LLC lifted its position in shares of Abrdn Global Infrastructure Income Fund by 0.6% in the third quarter. Atlas Wealth LLC now owns 237,075 shares of the company’s stock valued at $3,817,000 after acquiring an additional 1,519 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Abrdn Global Infrastructure Income Fund by 5.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 878,121 shares of the company’s stock worth $14,138,000 after buying an additional 48,649 shares during the period. Advisor Partners II LLC purchased a new position in Abrdn Global Infrastructure Income Fund during the third quarter worth about $3,238,000. Thomas J. Herzfeld Advisors Inc. lifted its position in Abrdn Global Infrastructure Income Fund by 40.2% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 211,867 shares of the company’s stock worth $3,769,000 after buying an additional 60,718 shares during the period. Finally, CSS LLC IL increased its stake in Abrdn Global Infrastructure Income Fund by 1.3% during the second quarter. CSS LLC IL now owns 87,217 shares of the company’s stock worth $1,552,000 after acquiring an additional 1,115 shares during the last quarter.

About Abrdn Global Infrastructure Income Fund

(Get Free Report)

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.

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