Cohen & Steers Infrastructure Fund (NYSE:UTF) Share Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) crossed 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.

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 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. This represents a $1.86 annualized dividend and a yield of 7.74%. The ex-dividend date of this dividend is Tuesday, March 11th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UTF. Harbour Investments Inc. boosted its holdings in Cohen & Steers Infrastructure Fund by 12.7% in the third quarter. Harbour Investments Inc. now owns 20,490 shares of the investment management company’s stock worth $533,000 after purchasing an additional 2,304 shares during the period. Creative Planning boosted its stake in Cohen & Steers Infrastructure Fund by 22.9% in the third quarter. Creative Planning now owns 33,221 shares of the investment management company’s stock valued at $865,000 after acquiring an additional 6,190 shares during the period. Raymond James & Associates grew its holdings in shares of Cohen & Steers Infrastructure Fund by 0.8% during the third quarter. Raymond James & Associates now owns 253,586 shares of the investment management company’s stock valued at $6,601,000 after purchasing an additional 2,137 shares during the last quarter. MML Investors Services LLC raised its position in shares of Cohen & Steers Infrastructure Fund by 7.7% during the 3rd quarter. MML Investors Services LLC now owns 13,403 shares of the investment management company’s stock worth $349,000 after purchasing an additional 956 shares during the period. Finally, Private Advisor Group LLC boosted its holdings in shares of Cohen & Steers Infrastructure Fund by 1.8% during the second quarter. Private Advisor Group LLC now owns 74,082 shares of the investment management company’s stock valued at $1,665,000 after acquiring an additional 1,313 shares during the period.

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.