Cohen & Steers Infrastructure Fund, Inc $UTF Position Lowered by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC trimmed its position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) by 48.9% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 612,176 shares of the investment management company’s stock after selling 585,054 shares during the period. Cohen & Steers Infrastructure Fund accounts for about 0.8% of Rivernorth Capital Management LLC’s investment portfolio, making the stock its 25th biggest holding. Rivernorth Capital Management LLC’s holdings in Cohen & Steers Infrastructure Fund were worth $15,843,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Griffin Asset Management Inc. increased its holdings in shares of Cohen & Steers Infrastructure Fund by 110.6% in the 4th quarter. Griffin Asset Management Inc. now owns 38,541 shares of the investment management company’s stock valued at $929,000 after acquiring an additional 20,240 shares during the last quarter. Kestra Advisory Services LLC lifted its stake in Cohen & Steers Infrastructure Fund by 40.3% during the first quarter. Kestra Advisory Services LLC now owns 238,551 shares of the investment management company’s stock worth $6,174,000 after purchasing an additional 68,542 shares during the last quarter. Matrix Private Capital Group LLC acquired a new position in Cohen & Steers Infrastructure Fund in the first quarter worth $3,115,000. IFG Advisory LLC acquired a new position in Cohen & Steers Infrastructure Fund in the fourth quarter worth $523,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Cohen & Steers Infrastructure Fund by 7,852.0% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,545,874 shares of the investment management company’s stock valued at $37,271,000 after purchasing an additional 1,526,434 shares during the last quarter.

Cohen & Steers Infrastructure Fund Stock Performance

Cohen & Steers Infrastructure Fund stock opened at $27.79 on Wednesday. The firm’s 50-day moving average is $27.32 and its 200-day moving average is $26.54. Cohen & Steers Infrastructure Fund, Inc has a 1 year low of $23.42 and a 1 year high of $28.11.

Cohen & Steers Infrastructure Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

Cohen & Steers Infrastructure Fund Company Profile

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end management investment company that provides investors with exposure to global infrastructure assets. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation. Since its inception in 2014, UTF has offered a vehicle for investors to access both equity and debt securities of companies operating in critical infrastructure sectors.

The fund’s portfolio is diversified across a range of infrastructure industries, including utilities, energy, transportation, and communications.