Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s share price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.71 and traded as high as $26.07. Cohen & Steers Infrastructure Fund shares last traded at $25.73, with a volume of 273,513 shares.

Cohen & Steers Infrastructure Fund Price Performance

The firm has a 50-day simple moving average of $25.71 and a 200 day simple moving average of $24.90.

Cohen & Steers Infrastructure Fund Dividend Announcement

The business 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 $0.155 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

Several hedge funds and other institutional investors have recently bought and sold shares of UTF. Geneos Wealth Management Inc. grew its position in 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 acquiring an additional 400 shares in the last quarter. Strategic Wealth Partners Ltd. grew its holdings in Cohen & Steers Infrastructure Fund by 1.2% during the 3rd quarter. Strategic Wealth Partners Ltd. now owns 38,114 shares of the investment management company’s stock valued at $945,000 after purchasing an additional 437 shares in the last quarter. Venture Visionary Partners LLC grew its holdings in Cohen & Steers Infrastructure Fund by 1.0% during the 4th quarter. Venture Visionary Partners LLC now owns 50,808 shares of the investment management company’s stock valued at $1,225,000 after purchasing an additional 484 shares in the last quarter. Baird Financial Group Inc. increased its stake in Cohen & Steers Infrastructure Fund by 3.5% during the 2nd quarter. Baird Financial Group Inc. now owns 17,591 shares of the investment management company’s stock worth $474,000 after buying an additional 595 shares during the period. Finally, Investment Partners Asset Management Inc. lifted its holdings in Cohen & Steers Infrastructure Fund by 3.2% in the 4th quarter. Investment Partners Asset Management Inc. now owns 23,600 shares of the investment management company’s stock worth $569,000 after buying an additional 737 shares in the last quarter.

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.