Cohen & Steers Infrastructure Fund (NYSE:UTF) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $25.02 and traded as low as $24.95. Cohen & Steers Infrastructure Fund shares last traded at $25.00, with a volume of 328,538 shares changing hands.

Cohen & Steers Infrastructure Fund Trading Up 0.2%

The firm has a fifty day simple moving average of $24.15 and a 200-day simple moving average of $25.02.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be issued a $0.155 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a yield of 7.4%.

Institutional Trading of Cohen & Steers Infrastructure Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Blue Trust Inc. bought a new position in shares of Cohen & Steers Infrastructure Fund in the 2nd quarter valued at about $27,000. Parallel Advisors LLC lifted its holdings in Cohen & Steers Infrastructure Fund by 1,023.1% in the third quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock valued at $29,000 after buying an additional 1,064 shares during the period. Ameritas Advisory Services LLC bought a new position in Cohen & Steers Infrastructure Fund in the second quarter valued at approximately $31,000. Trust Co. of Vermont acquired a new stake in Cohen & Steers Infrastructure Fund during the 2nd quarter worth $55,000. Finally, Trust Co. of Toledo NA OH bought a new stake in shares of Cohen & Steers Infrastructure Fund during the 2nd quarter valued at $57,000.

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.