Cohen & Steers Infrastructure Fund (NYSE:UTF) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.64 and traded as low as $23.94. Cohen & Steers Infrastructure Fund shares last traded at $24.04, with a volume of 222,515 shares.

Cohen & Steers Infrastructure Fund Trading Up 0.7 %

The business has a fifty day simple moving average of $24.90 and a 200-day simple moving average of $24.63.

Cohen & Steers Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.155 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.86 annualized dividend and a dividend yield of 7.62%.

Institutional Trading of Cohen & Steers Infrastructure Fund

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Northwest Investment Counselors LLC bought a new stake in Cohen & Steers Infrastructure Fund in the third quarter worth $26,000. Strategic Financial Concepts LLC purchased a new position in Cohen & Steers Infrastructure Fund during the second quarter valued at $28,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cohen & Steers Infrastructure Fund during the 3rd quarter worth approximately $45,000. Ashton Thomas Securities LLC bought a new position in shares of Cohen & Steers Infrastructure Fund in the 3rd quarter valued at about $153,000. Finally, Kovack Advisors Inc. purchased a new position in shares of Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $202,000.

Cohen & Steers Infrastructure Fund Company Profile

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.