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

Shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.02 and traded as low as $24.95. Cohen & Steers Infrastructure Fund shares last traded at $25.00, with a volume of 328,538 shares.

Cohen & Steers Infrastructure Fund Stock Performance

The firm has a 50 day simple moving average of $24.17 and a two-hundred day simple moving average of $25.00.

Cohen & Steers Infrastructure Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $0.155 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 7.4%.

Institutional Investors Weigh In On Cohen & Steers Infrastructure Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. increased its position in shares of Cohen & Steers Infrastructure Fund by 20.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,398 shares of the investment management company’s stock valued at $61,000 after purchasing an additional 400 shares during the period. Strategic Wealth Partners Ltd. boosted its stake in Cohen & Steers Infrastructure Fund by 1.2% during the third quarter. Strategic Wealth Partners Ltd. now owns 38,114 shares of the investment management company’s stock valued at $945,000 after buying an additional 437 shares in the last quarter. AlphaStar Capital Management LLC boosted its stake in Cohen & Steers Infrastructure Fund by 1.5% during the second quarter. AlphaStar Capital Management LLC now owns 33,040 shares of the investment management company’s stock valued at $890,000 after buying an additional 502 shares in the last quarter. Baird Financial Group Inc. grew its holdings in Cohen & Steers Infrastructure Fund by 3.5% during the second quarter. Baird Financial Group Inc. now owns 17,591 shares of the investment management company’s stock worth $474,000 after acquiring an additional 595 shares during the period. Finally, Investment Partners Asset Management Inc. raised its position in Cohen & Steers Infrastructure Fund by 3.2% in the fourth quarter. Investment Partners Asset Management Inc. now owns 23,600 shares of the investment management company’s stock worth $569,000 after acquiring an additional 737 shares in the last quarter.

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.