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

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 $23.96 and traded as high as $24.42. Cohen & Steers Infrastructure Fund shares last traded at $24.2750, with a volume of 316,814 shares changing hands.

Cohen & Steers Infrastructure Fund Stock Performance

The stock’s 50 day moving average is $23.96 and its two-hundred day moving average is $25.18.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a dividend of $0.155 per share. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Trading of Cohen & Steers Infrastructure Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. purchased a new position in shares of Cohen & Steers Infrastructure Fund in the 2nd quarter valued at approximately $27,000. Parallel Advisors LLC lifted its holdings in shares of Cohen & Steers Infrastructure Fund by 1,023.1% during the third quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock worth $29,000 after purchasing an additional 1,064 shares during the period. Ameritas Advisory Services LLC purchased a new position in Cohen & Steers Infrastructure Fund in the 2nd quarter valued at $31,000. Investors Research Corp acquired a new position in Cohen & Steers Infrastructure Fund in the 2nd quarter valued at $43,000. Finally, Trust Co. of Vermont purchased a new position in Cohen & Steers Infrastructure Fund during the 2nd quarter worth $55,000.

About Cohen & Steers Infrastructure Fund

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.