Merit Financial Group LLC Trims Position in Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF)

Merit Financial Group LLC reduced its position in Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 12,884 shares of the company’s stock after selling 1,000 shares during the period. Merit Financial Group LLC’s holdings in Cohen & Steers Closed-End Opportunity Fund were worth $144,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Saxony Capital Management LLC acquired a new position in Cohen & Steers Closed-End Opportunity Fund in the fourth quarter valued at $272,000. Raymond James & Associates grew its holdings in Cohen & Steers Closed-End Opportunity Fund by 7.9% in the 4th quarter. Raymond James & Associates now owns 108,869 shares of the company’s stock valued at $1,219,000 after buying an additional 8,002 shares during the period. EP Wealth Advisors LLC acquired a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter valued at about $147,000. LPL Financial LLC lifted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 3.5% during the 3rd quarter. LPL Financial LLC now owns 639,327 shares of the company’s stock worth $6,598,000 after acquiring an additional 21,647 shares during the period. Finally, Atria Wealth Solutions Inc. boosted its position in shares of Cohen & Steers Closed-End Opportunity Fund by 26.9% in the third quarter. Atria Wealth Solutions Inc. now owns 33,954 shares of the company’s stock worth $350,000 after acquiring an additional 7,197 shares during the last quarter.

Insider Buying and Selling

In other news, Portfolio Manager Jeffrey Palma purchased 4,500 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was bought at an average cost of $11.11 per share, for a total transaction of $49,995.00. Following the completion of the purchase, the portfolio manager now directly owns 9,046 shares of the company’s stock, valued at approximately $100,501.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Cohen & Steers Closed-End Opportunity Fund Stock Up 0.3 %

Shares of FOF stock opened at $11.73 on Friday. Cohen & Steers Closed-End Opportunity Fund, Inc. has a one year low of $9.59 and a one year high of $11.77. The company has a 50 day moving average price of $11.43 and a 200 day moving average price of $11.18.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Tuesday, June 11th will be issued a dividend of $0.087 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 8.90%.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.