Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.86 and traded as low as $12.39. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.43, with a volume of 55,113 shares traded.

Cohen & Steers Closed-End Opportunity Fund Trading Down 0.1 %

The company has a fifty day simple moving average of $12.86 and a two-hundred day simple moving average of $12.70.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.087 per share. This represents a yield of 8.25%. The ex-dividend date of this dividend is Tuesday, January 14th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FOF. GHP Investment Advisors Inc. bought a new stake in Cohen & Steers Closed-End Opportunity Fund in the third quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the 3rd quarter valued at approximately $78,000. Sargent Investment Group LLC acquired a new position in Cohen & Steers Closed-End Opportunity Fund during the fourth quarter valued at approximately $140,000. Kapstone Financial Advisors LLC increased its stake in Cohen & Steers Closed-End Opportunity Fund by 17.2% in the third quarter. Kapstone Financial Advisors LLC now owns 13,650 shares of the company’s stock valued at $177,000 after purchasing an additional 2,000 shares in the last quarter. Finally, J.W. Cole Advisors Inc. acquired a new stake in Cohen & Steers Closed-End Opportunity Fund in the third quarter worth $615,000.

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.