Independent Financial Group LLC Takes $2.84 Million Position in Cohen & Steers Infrastructure Fund, Inc $UTF

Independent Financial Group LLC acquired a new position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 109,907 shares of the investment management company’s stock, valued at approximately $2,844,000.

Several other large investors also recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. boosted its stake 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 worth $61,000 after acquiring an additional 400 shares during the last quarter. Baird Financial Group Inc. increased its position in Cohen & Steers Infrastructure Fund by 3.5% in the second quarter. Baird Financial Group Inc. now owns 17,591 shares of the investment management company’s stock worth $474,000 after buying an additional 595 shares in the last quarter. Raymond James Financial Inc. increased its position in Cohen & Steers Infrastructure Fund by 3.5% in the second quarter. Raymond James Financial Inc. now owns 836,724 shares of the investment management company’s stock worth $22,550,000 after buying an additional 28,192 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Cohen & Steers Infrastructure Fund in the second quarter worth about $600,000. Finally, Visionary Wealth Advisors lifted its position in shares of Cohen & Steers Infrastructure Fund by 9.4% during the 2nd quarter. Visionary Wealth Advisors now owns 9,524 shares of the investment management company’s stock valued at $257,000 after buying an additional 822 shares in the last quarter.

Cohen & Steers Infrastructure Fund Trading Down 0.3%

Shares of NYSE:UTF opened at $27.73 on Friday. The stock has a 50 day moving average of $27.21 and a 200 day moving average of $26.35. Cohen & Steers Infrastructure Fund, Inc has a 12-month low of $23.42 and a 12-month high of $28.11.

Cohen & Steers Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 7.1%.

Cohen & Steers Infrastructure Fund 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.