Cohen & Steers Infrastructure Fund (NYSE:UTF) Stock Crosses Below 200-Day Moving Average – Here’s Why

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.69 and traded as low as $23.80. Cohen & Steers Infrastructure Fund shares last traded at $24.02, with a volume of 188,190 shares trading hands.

Cohen & Steers Infrastructure Fund Price Performance

The company’s 50-day moving average price is $24.80 and its two-hundred day moving average price is $24.69.

Cohen & Steers Infrastructure Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be issued a $0.155 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $1.86 annualized dividend and a yield of 7.74%.

Institutional Investors Weigh In On Cohen & Steers Infrastructure Fund

Institutional investors have recently made changes to their positions in the company. Strategic Financial Concepts LLC acquired a new stake in Cohen & Steers Infrastructure Fund during the 2nd quarter worth approximately $28,000. International Assets Investment Management LLC bought a new stake in shares of Cohen & Steers Infrastructure Fund in the third quarter valued at about $2,845,000. World Investment Advisors LLC acquired a new position in shares of Cohen & Steers Infrastructure Fund in the third quarter valued at about $2,033,000. Sanctuary Advisors LLC bought a new position in Cohen & Steers Infrastructure Fund during the second quarter worth about $1,694,000. Finally, Benjamin Edwards Inc. acquired a new stake in Cohen & Steers Infrastructure Fund in the 3rd quarter worth about $1,662,000.

About Cohen & Steers Infrastructure Fund

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.