Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Passes Below 200-Day Moving Average – Here’s Why

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.64 and traded as low as $23.94. Cohen & Steers Infrastructure Fund shares last traded at $24.04, with a volume of 222,515 shares.

Cohen & Steers Infrastructure Fund Trading Up 0.7 %

The business’s fifty day simple moving average is $24.90 and its two-hundred day simple moving average is $24.63.

Cohen & Steers Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be given a dividend of $0.155 per share. This represents a $1.86 dividend on an annualized basis and a yield of 7.62%. The ex-dividend date of this dividend is Tuesday, March 11th.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in UTF. Northwest Investment Counselors LLC purchased a new position in Cohen & Steers Infrastructure Fund during the 3rd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new stake in shares of Cohen & Steers Infrastructure Fund during the second quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in Cohen & Steers Infrastructure Fund during the third quarter valued at approximately $45,000. Ashton Thomas Securities LLC acquired a new stake in shares of Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $153,000. Finally, Kovack Advisors Inc. acquired a new position in Cohen & Steers Infrastructure Fund in the third quarter worth $202,000.

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.