Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $12.08 and traded as low as $10.99. Cohen & Steers Closed-End Opportunity Fund shares last traded at $11.14, with a volume of 51,336 shares trading hands.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

The stock’s 50-day moving average is $12.08 and its two-hundred day moving average is $12.61.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The firm also recently disclosed a — dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $0.087 dividend. This represents a yield of 8.6%. The ex-dividend date is Tuesday, June 10th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Ameriflex Group Inc. purchased a new position in Cohen & Steers Closed-End Opportunity Fund in the fourth quarter worth $93,000. Bay Capital Advisors LLC purchased a new position in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter worth $127,000. Sargent Investment Group LLC acquired a new position in Cohen & Steers Closed-End Opportunity Fund during the 4th quarter valued at about $140,000. Level Four Advisory Services LLC increased its position in Cohen & Steers Closed-End Opportunity Fund by 16.3% during the 4th quarter. Level Four Advisory Services LLC now owns 11,944 shares of the company’s stock valued at $152,000 after buying an additional 1,672 shares in the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Cohen & Steers Closed-End Opportunity Fund by 19.3% in the fourth quarter. EP Wealth Advisors LLC now owns 17,016 shares of the company’s stock valued at $216,000 after buying an additional 2,750 shares during the last quarter.

Cohen & Steers Closed-End Opportunity Fund Company Profile

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.