Ecofin Global Utilities and Infrastructure Trust (LON:EGL) Trading 2.6% Higher on Insider Buying Activity

Key Points

• Ecofin Global Utilities and Infrastructure Trust (LON:EGL) shares increased by 2.6% following insider buying by Susannah Nicklin, who bought 1,250 shares at an average price of GBX 237.
• The stock reached a trading high of GBX 239.50 and had an average daily volume of 244,389 shares, which rose by 10% during this trading session.
• Ecofin Global Utilities and Infrastructure Trust, managed by Tortoise Advisors UK Limited, focuses on investing in growth stocks primarily in the utility and infrastructure sectors in developed countries.

Shares of Ecofin Global Utilities and Infrastructure Trust plc (LON:EGL - Get Free Report) rose 2.6% during trading on Thursday following insider buying activity. The company traded as high as GBX 239.50 ($3.19) and last traded at GBX 237 ($3.16). Approximately 268,393 shares traded hands during trading, an increase of 10% from the average daily volume of 244,389 shares. The stock had previously closed at GBX 231 ($3.08).

Specifically, insider Susannah Nicklin acquired 1,250 shares of the business's stock in a transaction that occurred on Thursday, October 23rd. The stock was acquired at an average price of GBX 237 per share, with a total value of £2,962.50.

Ecofin Global Utilities and Infrastructure Trust Stock Up 2.6%

The business's 50 day moving average is GBX 220.66 and its 200-day moving average is GBX 212.45. The firm has a market capitalization of £247.54 million, a P/E ratio of 8.64 and a beta of 0.53.

Ecofin Global Utilities and Infrastructure Trust Company Profile

Ecofin Global Utilities and Infrastructure Trust plc is a closed-ended equity mutual fund launched and managed by Tortoise Advisors UK Limited. manages assets for clients worldwide. The fund invests in the public equity markets across the globe. It primarily invests in growth stocks of companies. The fund seeks to invests in utility and infrastructure companies in developed countries.

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