Saba Capital Management, L.P., a significant stakeholder in the abrdn Global Infrastructure Income Fund (NYSE:ASGI), recently executed a series of stock sales amounting to a total of $566,803. The transactions took place over two consecutive days, December 3 and December 4, 2024. The fund, which currently has a market capitalization of $568.46 million, has demonstrated strong performance with a 22.17% year-to-date return.
On December 3, Saba Capital sold 7,873 shares at a price of $19.85 per share. The following day, an additional 20,860 shares were sold at $19.68 per share. These sales resulted in a reduction of Saba Capital's holdings in the fund to 2,702,703 shares. According to InvestingPro, ASGI is currently trading near its 52-week high of $20.35, while offering an attractive dividend yield of ~13%.
Both transactions were filed with the Securities and Exchange Commission and reflect Saba Capital's ongoing management of its investment positions. The sales were conducted under indirect ownership, as indicated in the filing. InvestingPro data reveals that ASGI generally trades with low price volatility, with additional insights available to subscribers.
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