Meridian Investment Counsel Inc. Cuts Stake in Cohen & Steers Infrastructure Fund, Inc $UTF

Meridian Investment Counsel Inc. cut its stake in shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) by 54.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,981 shares of the investment management company’s stock after selling 25,381 shares during the quarter. Meridian Investment Counsel Inc.’s holdings in Cohen & Steers Infrastructure Fund were worth $506,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in Cohen & Steers Infrastructure Fund by 20.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,398 shares of the investment management company’s stock worth $61,000 after purchasing an additional 400 shares in the last quarter. Strategic Wealth Partners Ltd. increased its stake in Cohen & Steers Infrastructure Fund by 1.2% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 38,114 shares of the investment management company’s stock valued at $945,000 after purchasing an additional 437 shares in the last quarter. Baird Financial Group Inc. increased its stake in Cohen & Steers Infrastructure Fund by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 17,591 shares of the investment management company’s stock valued at $474,000 after purchasing an additional 595 shares in the last quarter. Investment Partners Asset Management Inc. raised its holdings in Cohen & Steers Infrastructure Fund by 3.2% in the fourth quarter. Investment Partners Asset Management Inc. now owns 23,600 shares of the investment management company’s stock worth $569,000 after buying an additional 737 shares during the last quarter. Finally, Visionary Wealth Advisors raised its holdings in Cohen & Steers Infrastructure Fund by 9.4% in the second quarter. Visionary Wealth Advisors now owns 9,524 shares of the investment management company’s stock worth $257,000 after buying an additional 822 shares during the last quarter.

Cohen & Steers Infrastructure Fund Trading Up 0.0%

Shares of NYSE UTF opened at $26.11 on Friday. The firm’s 50 day moving average price is $26.14 and its 200-day moving average price is $24.85. Cohen & Steers Infrastructure Fund, Inc has a 52-week low of $22.05 and a 52-week high of $27.33.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.165 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Tuesday, June 9th.

Cohen & Steers Infrastructure Fund Company Profile

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end management investment company that provides investors with exposure to global infrastructure assets. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation. Since its inception in 2014, UTF has offered a vehicle for investors to access both equity and debt securities of companies operating in critical infrastructure sectors.

The fund’s portfolio is diversified across a range of infrastructure industries, including utilities, energy, transportation, and communications.