Jeremy Anagnos, portfolio manager of the MainStay CBRE Global Infrastructure Megatrends Term Fund (NYSE:MEGI), has purchased additional shares of the company, according to the latest SEC filings. Anagnos purchased 300 shares at a price of $12,895 each, for a total of approximately $3,868.
This recent transaction, carried out on May 31, 2024, brought Anagnos’ holdings in the fund to a total of 24,000 shares. The acquisition reflects the portfolio manager’s continued commitment to the fund’s performance and future prospects.
The MainStay CBRE Global Infrastructure Megatrends Term Fund, known for its focus on infrastructure assets with growth potential driven by global megatrends, has been a notable player in the market. The fund trades under the symbol NYSE:MEGI and has been part of several investment portfolios seeking exposure to infrastructure developments.
Investors often monitor the buying and selling activities of company insiders, as these transactions can provide insight into management’s confidence in the company’s future performance. The recent purchase of Anagnos adds to the description of executives’ interest in the fund’s success.
Details of the transaction were made public through SEC Form 4, which is a requirement for insiders to report their transactions. It is worth noting that insider transactions are reviewed for compliance with legal and regulatory standards.
For those following MainStay CBRE Global Infrastructure Megatrends Term Fund, this insider activity could be a point of interest in evaluating the fund’s position in the market and potential investment opportunities.
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