Paralel Advisors LLC Purchases Shares of 2,750,000 Cohen & Steers Infrastructure Fund, Inc $UTF

Paralel Advisors LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,750,000 shares of the investment management company’s stock, valued at approximately $75,872,000. Cohen & Steers Infrastructure Fund comprises 2.9% of Paralel Advisors LLC’s holdings, making the stock its 7th largest position.

Several other hedge funds also recently modified their holdings of the stock. Kilter Group LLC bought a new stake in Cohen & Steers Infrastructure Fund during the second quarter worth about $28,000. Parallel Advisors LLC grew its stake in Cohen & Steers Infrastructure Fund by 1,023.1% in the third quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock valued at $29,000 after purchasing an additional 1,064 shares in the last quarter. Allied Private Wealth LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund during the 2nd quarter worth approximately $48,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund during the 4th quarter worth approximately $50,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Cohen & Steers Infrastructure Fund during the 4th quarter worth approximately $55,000.

Cohen & Steers Infrastructure Fund Price Performance

NYSE UTF opened at $27.11 on Friday. Cohen & Steers Infrastructure Fund, Inc has a 12 month low of $23.42 and a 12 month high of $28.11. The stock has a 50 day moving average of $27.43 and a 200-day moving average of $26.82.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, September 8th.

About Cohen & Steers Infrastructure Fund

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.