Cohen & Steers Infrastructure Fund (NYSE:UTF) Share Price Crosses Above 50 Day Moving Average – Should You Sell?
by Renee Jackson · The Cerbat GemCohen & Steers Infrastructure Fund, Inc (NYSE:UTF – Get Free Report)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $26.28 and traded as high as $26.67. Cohen & Steers Infrastructure Fund shares last traded at $26.53, with a volume of 222,582 shares changing hands.
Cohen & Steers Infrastructure Fund Stock Down 0.1%
The firm’s fifty day moving average is $26.28 and its 200 day moving average is $25.01.
Cohen & Steers Infrastructure Fund Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.165 dividend. This represents a c) annualized dividend and a yield of 7.5%. The ex-dividend date is Tuesday, June 9th.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of UTF. Parallel Advisors LLC raised its holdings in Cohen & Steers Infrastructure Fund by 1,023.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock worth $29,000 after acquiring an additional 1,064 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Cohen & Steers Infrastructure Fund in the 4th quarter worth $50,000. Cornerstone Planning Group LLC bought a new position in Cohen & Steers Infrastructure Fund in the 4th quarter worth $55,000. Geneos Wealth Management Inc. raised its holdings in Cohen & Steers Infrastructure Fund by 20.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,398 shares of the investment management company’s stock worth $61,000 after acquiring an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC raised its holdings in Cohen & Steers Infrastructure Fund by 142.9% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,400 shares of the investment management company’s stock worth $84,000 after acquiring an additional 2,000 shares during the period.
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.