Smith Asset Management Co. LLC Lowers Stake in Cohen & Steers Infrastructure Fund, Inc $UTF

Smith Asset Management Co. LLC cut its position in shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) by 51.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 96,702 shares of the investment management company’s stock after selling 100,696 shares during the period. Cohen & Steers Infrastructure Fund comprises about 1.9% of Smith Asset Management Co. LLC’s holdings, making the stock its 21st largest position. Smith Asset Management Co. LLC’s holdings in Cohen & Steers Infrastructure Fund were worth $2,332,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UTF. Griffin Asset Management Inc. lifted its position in Cohen & Steers Infrastructure Fund by 110.6% during the fourth quarter. Griffin Asset Management Inc. now owns 38,541 shares of the investment management company’s stock valued at $929,000 after buying an additional 20,240 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Cohen & Steers Infrastructure Fund by 7,852.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,545,874 shares of the investment management company’s stock worth $37,271,000 after acquiring an additional 1,526,434 shares in the last quarter. Sit Investment Associates Inc. increased its position in shares of Cohen & Steers Infrastructure Fund by 298.5% in the fourth quarter. Sit Investment Associates Inc. now owns 2,644,374 shares of the investment management company’s stock worth $63,756,000 after acquiring an additional 1,980,749 shares in the last quarter. City of London Investment Management Co. Ltd. purchased a new position in shares of Cohen & Steers Infrastructure Fund in the 3rd quarter valued at $1,371,000. Finally, Absolute Investment Advisers LLC purchased a new position in shares of Cohen & Steers Infrastructure Fund in the 4th quarter valued at $3,732,000.

Cohen & Steers Infrastructure Fund Stock Performance

NYSE:UTF opened at $26.99 on Friday. The firm’s fifty day simple moving average is $26.84 and its 200 day simple moving average is $25.84. Cohen & Steers Infrastructure Fund, Inc has a twelve month low of $23.42 and a twelve month high of $27.65.

Cohen & Steers Infrastructure Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.165 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, June 9th.

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.