Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $24.64 and traded as low as $23.94. Cohen & Steers Infrastructure Fund shares last traded at $24.04, with a volume of 222,515 shares changing hands.

Cohen & Steers Infrastructure Fund Stock Up 0.6 %

The stock has a fifty day moving average of $24.92 and a 200 day moving average of $24.64.

Cohen & Steers Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be paid a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a dividend yield of 7.74%. The ex-dividend date is Tuesday, March 11th.

Institutional Trading of Cohen & Steers Infrastructure Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in UTF. Bedell Frazier Investment Counselling LLC grew its position in shares of Cohen & Steers Infrastructure Fund by 1.7% during the third quarter. Bedell Frazier Investment Counselling LLC now owns 520,063 shares of the investment management company’s stock valued at $13,537,000 after purchasing an additional 8,520 shares in the last quarter. Stifel Financial Corp grew its holdings in Cohen & Steers Infrastructure Fund by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 315,839 shares of the investment management company’s stock valued at $8,221,000 after buying an additional 3,959 shares in the last quarter. Raymond James & Associates increased its stake in Cohen & Steers Infrastructure Fund by 0.8% in the 3rd quarter. Raymond James & Associates now owns 253,586 shares of the investment management company’s stock worth $6,601,000 after acquiring an additional 2,137 shares during the last quarter. Conning Inc. raised its holdings in shares of Cohen & Steers Infrastructure Fund by 2.0% during the 3rd quarter. Conning Inc. now owns 138,980 shares of the investment management company’s stock worth $3,618,000 after acquiring an additional 2,663 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new position in shares of Cohen & Steers Infrastructure Fund during the 2nd quarter valued at approximately $28,000.

Cohen & Steers Infrastructure Fund Company Profile

Cohen & Steers Infrastructure Fund, Inc is a closed-end equity fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations.