Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF)’s stock price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $13.03 and traded as low as $12.95. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.95, with a volume of 39,553 shares traded.

Cohen & Steers Closed-End Opportunity Fund Price Performance

The firm’s 50 day moving average price is $13.03 and its two-hundred day moving average price is $12.86.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.087 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a c) dividend on an annualized basis and a yield of 8.1%.

Hedge Funds Weigh In On Cohen & Steers Closed-End Opportunity Fund

Several hedge funds have recently made changes to their positions in FOF. Mariner LLC lifted its holdings in Cohen & Steers Closed-End Opportunity Fund by 3.5% during the 3rd quarter. Mariner LLC now owns 157,974 shares of the company’s stock worth $2,060,000 after purchasing an additional 5,395 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Cohen & Steers Closed-End Opportunity Fund by 2.4% in the third quarter. Bank of America Corp DE now owns 528,537 shares of the company’s stock valued at $6,892,000 after acquiring an additional 12,591 shares during the period. Raymond James Financial Inc. grew its stake in Cohen & Steers Closed-End Opportunity Fund by 13.1% during the third quarter. Raymond James Financial Inc. now owns 372,929 shares of the company’s stock valued at $4,863,000 after acquiring an additional 43,214 shares in the last quarter. UBS Group AG increased its holdings in Cohen & Steers Closed-End Opportunity Fund by 0.6% during the 3rd quarter. UBS Group AG now owns 244,605 shares of the company’s stock worth $3,190,000 after acquiring an additional 1,347 shares during the period. Finally, Level Four Advisory Services LLC lifted its stake in Cohen & Steers Closed-End Opportunity Fund by 27.2% in the 3rd quarter. Level Four Advisory Services LLC now owns 21,575 shares of the company’s stock worth $281,000 after purchasing an additional 4,607 shares in 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.