Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.69 and traded as low as $23.80. Cohen & Steers Infrastructure Fund shares last traded at $24.02, with a volume of 188,190 shares changing hands.

Cohen & Steers Infrastructure Fund Trading Down 0.5 %

The stock has a fifty day moving average of $24.75 and a 200-day moving average of $24.70.

Cohen & Steers Infrastructure Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be issued a $0.155 dividend. This represents a $1.86 annualized dividend and a dividend yield of 7.80%. The ex-dividend date is Tuesday, March 11th.

Institutional Investors Weigh In On Cohen & Steers Infrastructure Fund

Several hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in shares of Cohen & Steers Infrastructure Fund during the 3rd quarter worth $2,845,000. World Investment Advisors LLC acquired a new position in Cohen & Steers Infrastructure Fund during the 3rd quarter valued at about $2,033,000. Sanctuary Advisors LLC acquired a new position in Cohen & Steers Infrastructure Fund during the 2nd quarter valued at about $1,694,000. Benjamin Edwards Inc. acquired a new position in Cohen & Steers Infrastructure Fund during the 3rd quarter valued at about $1,662,000. Finally, Good Life Advisors LLC increased its position in Cohen & Steers Infrastructure Fund by 107.8% during the 3rd quarter. Good Life Advisors LLC now owns 34,212 shares of the investment management company’s stock valued at $891,000 after buying an additional 17,752 shares in the last quarter.

About Cohen & Steers Infrastructure Fund

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.