UBS Group AG Amends Stake in abrdn Global Infrastructure Income Fund
Ticker: UBS · Form: SC 13G/A · Filed: Feb 2, 2024 · CIK: 1610520
| Field | Detail |
|---|---|
| Company | Ubs Group Ag (UBS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 2, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, fund-holdings
TL;DR
**UBS Group AG changed its stake in abrdn Global Infrastructure Income Fund.**
AI Summary
UBS Group AG, a major Swiss bank, filed an amendment to its Schedule 13G on February 2, 2024, indicating a change in its beneficial ownership of abrdn Global Infrastructure Income Fund's Common Shares of Beneficial Interest as of December 29, 2023. This filing, an amendment to a previous disclosure, signals that UBS Group AG's stake in the fund has changed, which could impact the fund's trading volume or perceived stability for current and potential investors.
Why It Matters
This filing shows that a significant institutional investor, UBS Group AG, has adjusted its position in abrdn Global Infrastructure Income Fund, which can influence market perception and potentially the stock's price.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, indicating a change in ownership rather than a new, high-risk event.
Analyst Insight
Investors should monitor subsequent filings from UBS Group AG or other major institutions to understand the full extent of their ownership changes in abrdn Global Infrastructure Income Fund, as this could signal broader institutional sentiment.
Key Players & Entities
- UBS Group AG (company) — the reporting person filing the SC 13G/A
- abrdn Global Infrastructure Income Fund (company) — the issuer whose securities are being reported on
- December 29, 2023 (date) — the date of the event requiring the filing
- February 2, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of securities does UBS Group AG hold in abrdn Global Infrastructure Income Fund?
UBS Group AG holds "Common Shares of Beneficial Interest" in abrdn Global Infrastructure Income Fund, as stated in the filing under "Title of Class of Securities."
When was the event that triggered this SC 13G/A amendment filing?
The event that required this filing occurred on December 29, 2023, as indicated by "Date of Event Which Requires Filing of this Statement."
What is the CUSIP number for the securities mentioned in this filing?
The CUSIP number for the Common Shares of Beneficial Interest of abrdn Global Infrastructure Income Fund is 00326W106, as specified in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' next to '/X/ Rule 13d 1(b)' in the filing.
What is the business address of UBS Group AG as listed in the filing?
The business address for UBS Group AG is Bahnhofstrasse 45, Zurich, V8, CH-8001, as per the 'BUSINESS ADDRESS' section for the filer.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 2, 2024 regarding UBS Group AG (UBS).