Saba Capital Management, L.P., alongside Boaz Weinstein, has reported significant sales of shares in the abrdn Global Infrastructure Income Fund (NYSE:ASGI), which currently trades near its 52-week high at $19.86. The transactions, disclosed in a recent SEC filing, reveal the sale of 16,912 shares on November 26 at a price of $19.70 per share and an additional 26,936 shares on November 27 at $19.75 per share. The total value of these transactions amounts to $865,152. The fund has demonstrated strong performance with a 23.53% year-to-date return and offers an attractive 12.69% dividend yield.
Following these sales, the combined ownership of the reporting parties stands at 2,773,061 shares in the $575 million market cap fund. The transactions were carried out indirectly, as noted in the filing. Saba Capital and Weinstein are identified as ten percent owners in the fund, highlighting their substantial stake in the entity. InvestingPro analysis reveals the fund generally trades with low price volatility, with additional insights available about its investment strategy and financial health.
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