Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.

Cohen & Steers Infrastructure Fund Stock Performance

The company’s 50 day moving average is $24.80 and its 200 day moving average is $24.69.

Cohen & Steers Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be paid a $0.155 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.86 annualized dividend and a dividend yield of 7.74%.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Consolidated Portfolio Review Corp raised its stake in shares of Cohen & Steers Infrastructure Fund by 0.6% in the third quarter. Consolidated Portfolio Review Corp now owns 82,504 shares of the investment management company’s stock valued at $2,148,000 after acquiring an additional 492 shares during the last quarter. Quad Cities Investment Group LLC grew its holdings in shares of Cohen & Steers Infrastructure Fund by 3.0% during the third quarter. Quad Cities Investment Group LLC now owns 22,052 shares of the investment management company’s stock worth $574,000 after purchasing an additional 647 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Cohen & Steers Infrastructure Fund by 7.7% in the third quarter. MML Investors Services LLC now owns 13,403 shares of the investment management company’s stock valued at $349,000 after buying an additional 956 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Cohen & Steers Infrastructure Fund by 3.7% in the third quarter. Raymond James Trust N.A. now owns 27,702 shares of the investment management company’s stock valued at $721,000 after buying an additional 982 shares during the last quarter. Finally, Northwest Investment Counselors LLC bought a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $26,000.

About Cohen & Steers Infrastructure Fund

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.