Sheets Smith Wealth Management Purchases New Shares in Cohen & Steers Infrastructure Fund, Inc $UTF

Sheets Smith Wealth Management purchased a new position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,760 shares of the investment management company’s stock, valued at approximately $209,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Costello Asset Management INC purchased a new stake in shares of Cohen & Steers Infrastructure Fund during the first quarter worth $42,000. Investors Research Corp purchased a new stake in shares of Cohen & Steers Infrastructure Fund during the second quarter worth $43,000. Lowe Wealth Advisors LLC grew its holdings in shares of Cohen & Steers Infrastructure Fund by 120.3% in the first quarter. Lowe Wealth Advisors LLC now owns 1,780 shares of the investment management company’s stock valued at $45,000 after purchasing an additional 972 shares during the period. Geneos Wealth Management Inc. grew its holdings 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. Finally, Cape Investment Advisory Inc. purchased a new stake in shares of Cohen & Steers Infrastructure Fund in the first quarter valued at about $98,000.

Cohen & Steers Infrastructure Fund Price Performance

Shares of UTF opened at $24.21 on Friday. Cohen & Steers Infrastructure Fund, Inc has a 12-month low of $22.05 and a 12-month high of $27.25. The firm has a 50-day moving average price of $26.27 and a 200 day moving average price of $25.76.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.155 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Thursday, October 2nd.

About Cohen & Steers Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc is a closed-end equity fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in public equity markets of the United States. The fund invests primarily in value stocks of infrastructure companies across all market capitalizations.