Cohen & Steers Infrastructure Fund (NYSE:UTF) Share Price Breaks Above Two Hundred Day Moving Average – Here’s What Happened

Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $26.43 and traded as high as $26.70. Cohen & Steers Infrastructure Fund shares last traded at $26.62, with a volume of 266,926 shares trading hands.

Cohen & Steers Infrastructure Fund Price Performance

The firm has a 50-day simple moving average of $25.76 and a two-hundred day simple moving average of $26.44.

Hedge Funds Weigh In On Cohen & Steers Infrastructure Fund

Large investors have recently made changes to their positions in the business. Paralel Advisors LLC bought a new position in shares of Cohen & Steers Infrastructure Fund during the 2nd quarter worth approximately $75,872,000. Royal Bank of Canada grew its position in Cohen & Steers Infrastructure Fund by 3.5% in the first quarter. Royal Bank of Canada now owns 936,075 shares of the investment management company’s stock valued at $24,225,000 after acquiring an additional 32,064 shares during the period. Bank of America Corp DE grew its position in Cohen & Steers Infrastructure Fund by 6.7% in the first quarter. Bank of America Corp DE now owns 897,160 shares of the investment management company’s stock valued at $23,218,000 after acquiring an additional 56,434 shares during the period. Kestra Advisory Services LLC raised its stake in Cohen & Steers Infrastructure Fund by 40.3% during the first quarter. Kestra Advisory Services LLC now owns 238,551 shares of the investment management company’s stock worth $6,174,000 after acquiring an additional 68,542 shares in the last quarter. Finally, Sculptor Capital LP acquired a new position in Cohen & Steers Infrastructure Fund during the first quarter worth $4,841,000.

About Cohen & Steers Infrastructure Fund

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a diversified, closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide total return through a combination of income and capital appreciation by investing in infrastructure-related securities.

The fund invests primarily in companies involved in essential infrastructure industries, including utilities, energy, transportation, communications, and water-related services. Its portfolio may include common stocks, preferred securities, and other income-producing investments issued by infrastructure businesses.

Cohen & Steers Infrastructure Fund typically invests across developed and emerging markets, giving shareholders exposure to infrastructure companies in the United States and international markets.