Cohen & Steers Infrastructure Fund (NYSE:UTF) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $26.96 and traded as high as $27.90. Cohen & Steers Infrastructure Fund shares last traded at $27.5860, with a volume of 323,344 shares.

Cohen & Steers Infrastructure Fund Price Performance

The stock’s 50-day moving average is $27.00 and its 200-day moving average is $26.09.

Cohen & Steers Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.165 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in Cohen & Steers Infrastructure Fund by 1,023.1% during the third quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock worth $29,000 after purchasing an additional 1,064 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Cohen & Steers Infrastructure Fund during the 4th quarter valued at $50,000. Cornerstone Planning Group LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund during the 4th quarter valued at $55,000. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers Infrastructure Fund by 20.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,398 shares of the investment management company’s stock valued at $61,000 after purchasing an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Cohen & Steers Infrastructure Fund by 142.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,400 shares of the investment management company’s stock worth $84,000 after buying an additional 2,000 shares in the last quarter.

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.