Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $25.71 and traded as high as $26.07. Cohen & Steers Infrastructure Fund shares last traded at $25.73, with a volume of 273,513 shares.

Cohen & Steers Infrastructure Fund Stock Down 0.0%

The stock has a 50-day moving average of $25.78 and a 200 day moving average of $24.91.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a dividend of $0.155 per share. 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, March 10th.

Institutional Trading of Cohen & Steers Infrastructure Fund

Institutional investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund in the 4th quarter valued at $50,000. Readystate Asset Management LP bought a new stake in Cohen & Steers Infrastructure Fund in the fourth quarter valued at about $5,029,000. Rivernorth Capital Management LLC lifted its stake in Cohen & Steers Infrastructure Fund by 3,389.6% in the fourth quarter. Rivernorth Capital Management LLC now owns 1,197,230 shares of the investment management company’s stock valued at $28,865,000 after buying an additional 1,162,921 shares during the period. Millennium Management LLC bought a new position in Cohen & Steers Infrastructure Fund during the fourth quarter worth about $801,000. Finally, Captrust Financial Advisors grew its position in shares of Cohen & Steers Infrastructure Fund by 70.9% during the 4th quarter. Captrust Financial Advisors now owns 133,237 shares of the investment management company’s stock worth $3,212,000 after buying an additional 55,278 shares during the period.

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.