No headlines found.
Business Wire (Thu, 18-Apr 4:10 PM ET)
Business Wire (Mon, 12-Feb 4:10 PM ET)
The investment objective of the Fund is to seek a high level of current return consisting of dividends, interest and other similar income while attempting to preserve capital. The Fund seeks to achieve its investment objective by investing predominantly in the securities of companies that are involved in the management, ownership and/or operation of infrastructure and utility assets and are expected to offer reasonably predictable income and attractive yields. A typical profile of an infrastructure business would be one whose assets provide essential public services which are difficult to replace, have a strategic competitive advantage, demonstrate inelastic demand, and have low sensitivity to cyclical volatility, courtesy of their essential nature and high margins.
Mac/First Global Infrastructure C trades on the NYSE stock market under the symbol MFD.
As of April 19, 2024, MFD stock price climbed to $7.13 with 17,550 million shares trading.
MFD has a beta of 0.70, meaning it tends to be less sensitive to market movements. MFD has a correlation of 0.23 to the broad based SPY ETF.
MFD has a market cap of $60.94 million. This is considered a Micro Cap stock.
In the last 3 years, MFD stock traded as high as $11.05 and as low as $6.63.
MFD has underperformed the market in the last year with a return of -6.4%, while the SPY ETF gained +21.2%. In the last 3 month period, MFD fell short of the market, returning -3.2%, while SPY returned +3.0%. However, in the most recent 2 weeks MFD has outperformed the stock market by returning -4.2%, while SPY returned -4.5%.
MFD support price is $6.97 and resistance is $7.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MFD stock will trade within this expected range on the day.