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Jeremy Anagnos, a portfolio manager at NYLI CBRE (NYSE:CBRE) Global Infrastructure Megatrends Term Fund (NYSE:MEGI), recently purchased 440 shares of the company. The $620M market cap fund currently offers an attractive 12.8% dividend yield, according to InvestingPro data. The shares were acquired on April 7 at a price of $11.90 each, totaling approximately $5,236. Following this transaction, Anagnos holds a total of 26,280 shares in the fund. The purchase comes as MEGI trades near its 52-week low of $11.28, with InvestingPro analysis indicating oversold conditions. This purchase adds to Anagnos's direct ownership in the company, reflecting continued confidence in the fund's performance despite a significant 12.8% decline over the past week. InvestingPro subscribers can access 5 additional key insights about MEGI's valuation and financial health.
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