Cohen & Steers Infrastructure Fund (NYSE:UTF) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $26.96 and traded as high as $27.90. Cohen & Steers Infrastructure Fund shares last traded at $27.5860, with a volume of 323,344 shares traded.

Cohen & Steers Infrastructure Fund Stock Performance

The firm’s 50 day moving average price is $26.96 and its 200-day moving average price is $26.04.

Cohen & Steers Infrastructure Fund Dividend Announcement

The firm 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. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Institutional Trading of Cohen & Steers Infrastructure Fund

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Future Financial Wealth Managment LLC grew its stake in Cohen & Steers Infrastructure Fund by 4.2% in the 1st quarter. Future Financial Wealth Managment LLC now owns 10,000 shares of the investment management company’s stock valued at $264,000 after acquiring an additional 400 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Cohen & Steers Infrastructure Fund by 20.0% in the first 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. Arkadios Wealth Advisors increased its stake in shares of Cohen & Steers Infrastructure Fund by 4.7% during the first quarter. Arkadios Wealth Advisors now owns 9,036 shares of the investment management company’s stock worth $234,000 after purchasing an additional 402 shares in the last quarter. Strategic Wealth Partners Ltd. raised its position in shares of Cohen & Steers Infrastructure Fund by 1.2% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 38,114 shares of the investment management company’s stock worth $945,000 after purchasing an additional 437 shares during the last quarter. Finally, Venture Visionary Partners LLC raised its position in shares of Cohen & Steers Infrastructure Fund by 1.0% during the 4th quarter. Venture Visionary Partners LLC now owns 50,808 shares of the investment management company’s stock worth $1,225,000 after purchasing an additional 484 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.