Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.75 and traded as low as $12.48. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.50, with a volume of 48,321 shares.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

The firm’s 50-day simple moving average is $12.75 and its two-hundred day simple moving average is $12.74.

Cohen & Steers Closed-End Opportunity Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.087 per share. This represents a yield of 8.25%. The ex-dividend date of this dividend was Tuesday, January 14th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 2.5% during the 3rd quarter. Private Advisor Group LLC now owns 67,092 shares of the company’s stock valued at $872,000 after acquiring an additional 1,650 shares in the last quarter. Level Four Advisory Services LLC grew its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 16.3% during the 4th quarter. Level Four Advisory Services LLC now owns 11,944 shares of the company’s stock valued at $152,000 after acquiring an additional 1,672 shares in the last quarter. Kapstone Financial Advisors LLC grew its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 17.2% during the 3rd quarter. Kapstone Financial Advisors LLC now owns 13,650 shares of the company’s stock valued at $177,000 after acquiring an additional 2,000 shares in the last quarter. GHP Investment Advisors Inc. purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter valued at $28,000. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 7.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 117,093 shares of the company’s stock valued at $1,487,000 after acquiring an additional 7,928 shares in the last quarter.

Cohen & Steers Closed-End Opportunity Fund Company Profile

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.