Cohen & Steers Infrastructure Fund (NYSE:UTF) Shares Cross Below 200 Day Moving Average – Time to Sell?

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 Stock Down 0.5 %

The stock has a 50-day simple moving average of $24.75 and a 200 day simple moving average of $24.70.

Cohen & Steers Infrastructure Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Investors of record on Tuesday, March 11th will be issued a $0.155 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $1.86 annualized dividend and a dividend yield of 7.80%.

Institutional Investors Weigh In On Cohen & Steers Infrastructure Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Northwest Investment Counselors LLC purchased a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $26,000. Wilmington Savings Fund Society FSB purchased a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $45,000. Ashton Thomas Securities LLC purchased a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $153,000. Kovack Advisors Inc. purchased a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $202,000. Finally, Main Street Financial Solutions LLC purchased a new stake in Cohen & Steers Infrastructure Fund during the 3rd quarter worth about $247,000.

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.