Cohen & Steers Infrastructure Fund (NYSE:UTF) Shares Cross Below Fifty Day Moving Average – Here’s Why

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.95 and traded as low as $24.53. Cohen & Steers Infrastructure Fund shares last traded at $24.63, with a volume of 462,688 shares changing hands.

Cohen & Steers Infrastructure Fund Price Performance

The business has a fifty day moving average of $26.83 and a 200-day moving average of $26.75.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 8th will be issued a dividend of $0.165 per share. The ex-dividend date is Tuesday, December 8th. This represents a c) annualized dividend and a yield of 8.1%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Paralel Advisors LLC bought a new position in Cohen & Steers Infrastructure Fund in the 2nd quarter valued at about $75,872,000. Sit Investment Associates Inc. increased its holdings in Cohen & Steers Infrastructure Fund by 298.5% during the 4th quarter. Sit Investment Associates Inc. now owns 2,644,374 shares of the investment management company’s stock worth $63,756,000 after purchasing an additional 1,980,749 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Cohen & Steers Infrastructure Fund by 3.5% in the first quarter. Royal Bank of Canada now owns 936,075 shares of the investment management company’s stock worth $24,225,000 after purchasing an additional 32,064 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Cohen & Steers Infrastructure Fund by 6.7% in the first quarter. Bank of America Corp DE now owns 897,160 shares of the investment management company’s stock valued at $23,218,000 after purchasing an additional 56,434 shares in the last quarter. Finally, C2C Wealth Management LLC boosted its position in shares of Cohen & Steers Infrastructure Fund by 6.2% during the first quarter. C2C Wealth Management LLC now owns 277,370 shares of the investment management company’s stock valued at $7,178,000 after buying an additional 16,300 shares during the last quarter.

Cohen & Steers Infrastructure Fund Company Profile

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end investment company managed by Cohen & Steers Capital Management, a specialist investment manager focused on real assets. The fund seeks to provide a high level of total return through current income and capital appreciation by investing primarily in infrastructure-related securities.

The fund invests across infrastructure industries, including utilities, energy infrastructure, transportation, and communications.