Cohen & Steers Infrastructure Fund (NYSE:UTF) Shares Cross Above 50 Day Moving Average – Time to Sell?

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) shares crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $24.04 and traded as high as $24.55. Cohen & Steers Infrastructure Fund shares last traded at $24.46, with a volume of 347,607 shares changing hands.

Cohen & Steers Infrastructure Fund Stock Performance

The firm’s 50 day moving average is $24.04 and its 200 day moving average is $25.10.

Cohen & Steers Infrastructure Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.155 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date is Tuesday, March 10th.

Institutional Investors Weigh In On Cohen & Steers Infrastructure Fund

Several large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. purchased a new position in Cohen & Steers Infrastructure Fund during the second quarter worth about $27,000. Parallel Advisors LLC boosted its position in shares of Cohen & Steers Infrastructure Fund by 1,023.1% during the 3rd quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock valued at $29,000 after acquiring an additional 1,064 shares during the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Cohen & Steers Infrastructure Fund during the second quarter worth about $31,000. Trust Co. of Vermont bought a new position in shares of Cohen & Steers Infrastructure Fund in the second quarter worth approximately $55,000. Finally, Trust Co. of Toledo NA OH purchased a new stake in Cohen & Steers Infrastructure Fund in the second quarter valued at approximately $57,000.

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.