Rivernorth Capital Management LLC Lowers Stake in Cohen & Steers Infrastructure Fund, Inc $UTF

Rivernorth Capital Management LLC lessened its stake in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) by 90.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 58,094 shares of the investment management company’s stock after selling 554,082 shares during the period. Rivernorth Capital Management LLC’s holdings in Cohen & Steers Infrastructure Fund were worth $1,603,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UTF. Griffin Asset Management Inc. increased its stake in Cohen & Steers Infrastructure Fund by 110.6% during the fourth quarter. Griffin Asset Management Inc. now owns 38,541 shares of the investment management company’s stock worth $929,000 after purchasing an additional 20,240 shares during the period. Matrix Private Capital Group LLC purchased a new position in shares of Cohen & Steers Infrastructure Fund in the first quarter valued at approximately $3,115,000. IFG Advisory LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund in the fourth quarter valued at approximately $523,000. Kestra Advisory Services LLC grew its holdings in shares of Cohen & Steers Infrastructure Fund by 40.3% in the first quarter. Kestra Advisory Services LLC now owns 238,551 shares of the investment management company’s stock valued at $6,174,000 after purchasing an additional 68,542 shares in the last quarter. Finally, Sit Investment Associates Inc. increased its stake in Cohen & Steers Infrastructure Fund by 298.5% during the 4th quarter. Sit Investment Associates Inc. now owns 2,644,374 shares of the investment management company’s stock worth $63,756,000 after buying an additional 1,980,749 shares during the period.

Cohen & Steers Infrastructure Fund Trading Down 0.0%

Cohen & Steers Infrastructure Fund stock opened at $27.13 on Monday. Cohen & Steers Infrastructure Fund, Inc has a 52-week low of $23.42 and a 52-week high of $28.11. The company’s 50 day moving average is $27.43 and its two-hundred day moving average is $26.87.

Cohen & Steers Infrastructure Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.165 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

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.