Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Shares Pass Above 50-Day Moving Average – What’s Next?

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF)’s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $13.02 and traded as high as $13.09. Cohen & Steers Closed-End Opportunity Fund shares last traded at $13.03, with a volume of 45,286 shares trading hands.

Cohen & Steers Closed-End Opportunity Fund Stock Up 0.7%

The business has a fifty day moving average of $13.02 and a two-hundred day moving average of $12.68.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a $0.087 dividend. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, December 9th.

Institutional Investors Weigh In On Cohen & Steers Closed-End Opportunity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Level Four Advisory Services LLC raised its holdings in Cohen & Steers Closed-End Opportunity Fund by 4.8% in the 2nd quarter. Level Four Advisory Services LLC now owns 16,968 shares of the company’s stock valued at $214,000 after buying an additional 771 shares during the period. Clearstead Advisors LLC increased its position in shares of Cohen & Steers Closed-End Opportunity Fund by 1.9% during the third quarter. Clearstead Advisors LLC now owns 52,702 shares of the company’s stock valued at $687,000 after acquiring an additional 1,006 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 6.3% in the 2nd quarter. Wedbush Securities Inc. now owns 20,749 shares of the company’s stock valued at $262,000 after acquiring an additional 1,224 shares during the period. Cetera Investment Advisers raised its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 5.9% in the 1st quarter. Cetera Investment Advisers now owns 23,425 shares of the company’s stock valued at $283,000 after acquiring an additional 1,313 shares during the period. Finally, MGO One Seven LLC lifted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 9.0% in the 3rd quarter. MGO One Seven LLC now owns 24,306 shares of the company’s stock worth $317,000 after acquiring an additional 2,000 shares during the last quarter.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.