Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Price Crosses Above 50 Day Moving Average – Should You Sell?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $24.57 and traded as high as $26.42. Cohen & Steers Infrastructure Fund shares last traded at $26.37, with a volume of 393,600 shares.

Cohen & Steers Infrastructure Fund Trading Up 1.3%

The company has a fifty day moving average of $24.57 and a two-hundred day moving average of $24.93.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.155 per share. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date is Tuesday, March 10th.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

Several large investors have recently modified their holdings of UTF. Northwestern Mutual Wealth Management Co. increased its stake in shares of Cohen & Steers Infrastructure Fund by 7,852.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,545,874 shares of the investment management company’s stock valued at $37,271,000 after buying an additional 1,526,434 shares during the period. McGowan Group Asset Management Inc. boosted its holdings in Cohen & Steers Infrastructure Fund by 0.7% in the fourth quarter. McGowan Group Asset Management Inc. now owns 1,380,626 shares of the investment management company’s stock worth $33,287,000 after acquiring an additional 9,124 shares in the last quarter. Raymond James Financial Inc. lifted its holdings 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 worth $22,550,000 after purchasing an additional 28,192 shares in the last quarter. Osaic Holdings Inc. grew its position in Cohen & Steers Infrastructure Fund by 6.9% in the 2nd quarter. Osaic Holdings Inc. now owns 331,970 shares of the investment management company’s stock valued at $8,948,000 after purchasing an additional 21,524 shares during the period. Finally, C2C Wealth Management LLC raised its holdings in Cohen & Steers Infrastructure Fund by 1.8% during the fourth quarter. C2C Wealth Management LLC now owns 261,070 shares of the investment management company’s stock worth $6,294,000 after buying an additional 4,540 shares during 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.