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

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 $26.96 and traded as high as $27.90. Cohen & Steers Infrastructure Fund shares last traded at $27.5860, with a volume of 323,344 shares.

Cohen & Steers Infrastructure Fund Price Performance

The stock’s 50-day moving average price is $26.96 and its 200 day moving average price is $26.04.

Cohen & Steers Infrastructure Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.165 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Trading of Cohen & Steers Infrastructure Fund

A number of hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC lifted its stake in Cohen & Steers Infrastructure Fund by 1,023.1% in the 3rd 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 in the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Cohen & Steers Infrastructure Fund in the fourth quarter valued at approximately $50,000. Cornerstone Planning Group LLC acquired a new stake in shares of Cohen & Steers Infrastructure Fund in the fourth quarter valued at approximately $55,000. Geneos Wealth Management Inc. increased 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 last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Cohen & Steers Infrastructure Fund by 142.9% in the third quarter. EverSource Wealth Advisors LLC now owns 3,400 shares of the investment management company’s stock valued at $84,000 after purchasing an additional 2,000 shares during the last quarter.

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.