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

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $13.00 and traded as low as $12.92. Cohen & Steers Closed-End Opportunity Fund shares last traded at $13.13, with a volume of 68,531 shares trading hands.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

The firm’s 50-day simple moving average is $13.01 and its 200-day simple moving average is $12.77.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be given a $0.087 dividend. The ex-dividend date is Tuesday, December 9th. This represents a c) annualized dividend and a yield of 7.9%.

Institutional Investors Weigh In On Cohen & Steers Closed-End Opportunity Fund

Hedge funds have recently added to or reduced their stakes in the company. Mariner LLC increased its position in shares of Cohen & Steers Closed-End Opportunity Fund by 3.5% during the 3rd quarter. Mariner LLC now owns 157,974 shares of the company’s stock valued at $2,060,000 after purchasing an additional 5,395 shares during the last quarter. Bank of America Corp DE boosted its stake in Cohen & Steers Closed-End Opportunity Fund by 2.4% in the third quarter. Bank of America Corp DE now owns 528,537 shares of the company’s stock worth $6,892,000 after buying an additional 12,591 shares in the last quarter. Raymond James Financial Inc. grew its position in Cohen & Steers Closed-End Opportunity Fund by 13.1% during the third quarter. Raymond James Financial Inc. now owns 372,929 shares of the company’s stock valued at $4,863,000 after acquiring an additional 43,214 shares during the last quarter. UBS Group AG raised its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 0.6% during the third quarter. UBS Group AG now owns 244,605 shares of the company’s stock worth $3,190,000 after acquiring an additional 1,347 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 27.2% in the 3rd quarter. Level Four Advisory Services LLC now owns 21,575 shares of the company’s stock worth $281,000 after acquiring an additional 4,607 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.