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

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s share price passed 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 Up 0.2%

The company’s 50 day simple moving average is $24.15 and its 200 day simple moving average is $25.02.

Cohen & Steers Infrastructure Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. McGowan Group Asset Management Inc. increased its holdings in shares of Cohen & Steers Infrastructure Fund by 0.8% in the third quarter. McGowan Group Asset Management Inc. now owns 1,371,502 shares of the investment management company’s stock worth $34,013,000 after acquiring an additional 10,630 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Cohen & Steers Infrastructure Fund by 3.5% in the 2nd quarter. Raymond James Financial Inc. now owns 836,724 shares of the investment management company’s stock valued at $22,550,000 after purchasing an additional 28,192 shares during the period. Osaic Holdings Inc. increased its stake in Cohen & Steers Infrastructure Fund by 6.9% during the 2nd quarter. Osaic Holdings Inc. now owns 331,970 shares of the investment management company’s stock worth $8,948,000 after purchasing an additional 21,524 shares in the last quarter. C2C Wealth Management LLC increased its stake in Cohen & Steers Infrastructure Fund by 1.8% during the 4th quarter. C2C Wealth Management LLC now owns 261,070 shares of the investment management company’s stock worth $6,294,000 after purchasing an additional 4,540 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth approximately $4,951,000.

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.