MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) Trading 0.7% Higher – Should You Buy?

MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI) rose 0.7% during trading on Thursday . The company traded as high as $13.68 and last traded at $13.60. Approximately 179,845 shares were traded during trading, an increase of 9% from the average daily volume of 165,219 shares. The stock had previously closed at $13.51.

MainStay CBRE Global Infrastructure Megatrends Term Fund Trading Up 0.0%

The company has a fifty day moving average of $14.26 and a 200 day moving average of $14.29.

MainStay CBRE Global Infrastructure Megatrends Term Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Monday, February 23rd will be given a dividend of $0.125 per share. The ex-dividend date is Monday, February 23rd. This represents a c) annualized dividend and a dividend yield of 11.0%.

Insider Activity at MainStay CBRE Global Infrastructure Megatrends Term Fund

In related news, Portfolio Manager Jeremy Anagnos sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $14.87, for a total value of $118,960.00. Following the sale, the portfolio manager directly owned 20,000 shares in the company, valued at $297,400. The trade was a 28.57% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Institutional Trading of MainStay CBRE Global Infrastructure Megatrends Term Fund

A number of hedge funds have recently bought and sold shares of MEGI. WPG Advisers LLC purchased a new position in shares of MainStay CBRE Global Infrastructure Megatrends Term Fund in the first quarter worth approximately $32,000. SVB Wealth LLC acquired a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund in the 1st quarter worth approximately $35,000. Mather Group LLC. purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 3rd quarter worth approximately $73,000. Cetera Investment Advisers purchased a new position in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter worth approximately $147,000. Finally, Dymon Asia Capital Singapore PTE. LTD. acquired a new stake in MainStay CBRE Global Infrastructure Megatrends Term Fund during the 2nd quarter valued at $148,000.

MainStay CBRE Global Infrastructure Megatrends Term Fund Company Profile

The Fund’s investment objective is to seek a high level of total return with an emphasis on current income. There is no assurance that the Fund will achieve its investment objective. Tthe Fund invests at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by infrastructure companies.