Cohen & Steers Infrastructure Fund (NYSE:UTF) Shares Cross Below 200 Day Moving Average – Time to Sell?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.69 and traded as low as $23.80. Cohen & Steers Infrastructure Fund shares last traded at $24.02, with a volume of 188,190 shares.

Cohen & Steers Infrastructure Fund Trading Down 0.5 %

The company has a 50-day moving average price of $24.75 and a 200-day moving average price of $24.70.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.86 annualized dividend and a dividend yield of 7.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Harbour Investments Inc. boosted its position in shares of Cohen & Steers Infrastructure Fund by 12.7% during the 3rd quarter. Harbour Investments Inc. now owns 20,490 shares of the investment management company’s stock worth $533,000 after acquiring an additional 2,304 shares in the last quarter. Creative Planning boosted its position in shares of Cohen & Steers Infrastructure Fund by 22.9% in the 3rd quarter. Creative Planning now owns 33,221 shares of the investment management company’s stock valued at $865,000 after purchasing an additional 6,190 shares during the period. Raymond James & Associates boosted its position in shares of Cohen & Steers Infrastructure Fund by 0.8% in the 3rd quarter. Raymond James & Associates now owns 253,586 shares of the investment management company’s stock valued at $6,601,000 after purchasing an additional 2,137 shares during the period. MML Investors Services LLC boosted its position in shares of Cohen & Steers Infrastructure Fund by 7.7% in the 3rd quarter. MML Investors Services LLC now owns 13,403 shares of the investment management company’s stock valued at $349,000 after purchasing an additional 956 shares during the period. Finally, Private Advisor Group LLC boosted its position in shares of Cohen & Steers Infrastructure Fund by 1.8% in the 2nd quarter. Private Advisor Group LLC now owns 74,082 shares of the investment management company’s stock valued at $1,665,000 after purchasing an additional 1,313 shares during the period.

Cohen & Steers Infrastructure Fund Company Profile

Cohen & Steers Infrastructure Fund, Inc is a closed-end equity fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations.