Cohen & Steers Infrastructure Fund, Inc $UTF Shares Sold by Rivernorth Capital Management LLC

Rivernorth Capital Management LLC trimmed its stake in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) by 48.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 612,176 shares of the investment management company’s stock after selling 585,054 shares during the quarter. Cohen & Steers Infrastructure Fund accounts for approximately 0.8% of Rivernorth Capital Management LLC’s holdings, making the stock its 25th biggest holding. Rivernorth Capital Management LLC’s holdings in Cohen & Steers Infrastructure Fund were worth $15,843,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Parallel Advisors LLC increased its holdings in shares of Cohen & Steers Infrastructure Fund by 1,023.1% in the 3rd quarter. Parallel Advisors LLC now owns 1,168 shares of the investment management company’s stock worth $29,000 after acquiring an additional 1,064 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Cohen & Steers Infrastructure Fund in the 4th quarter worth about $50,000. Cornerstone Planning Group LLC acquired a new stake in shares of Cohen & Steers Infrastructure Fund in the fourth quarter valued at approximately $55,000. Geneos Wealth Management Inc. increased its stake in shares of Cohen & Steers Infrastructure Fund by 20.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,398 shares of the investment management company’s stock valued at $61,000 after purchasing an additional 400 shares during the period. Finally, PFG Investments LLC bought a new stake in shares of Cohen & Steers Infrastructure Fund during the first quarter valued at approximately $202,000.

Cohen & Steers Infrastructure Fund Trading Up 0.2%

Shares of NYSE UTF opened at $27.79 on Wednesday. Cohen & Steers Infrastructure Fund, Inc has a 12-month low of $23.42 and a 12-month high of $28.11. The stock has a 50 day simple moving average of $27.32 and a 200-day simple moving average of $26.54.

Cohen & Steers Infrastructure Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.1%.

Cohen & Steers Infrastructure Fund Profile

Cohen & Steers Infrastructure Fund, Inc (NYSE: UTF) is a closed-end management investment company that provides investors with exposure to global infrastructure assets. Listed on the New York Stock Exchange, the fund seeks to deliver total return through a combination of current income and capital appreciation. Since its inception in 2014, UTF has offered a vehicle for investors to access both equity and debt securities of companies operating in critical infrastructure sectors.

The fund’s portfolio is diversified across a range of infrastructure industries, including utilities, energy, transportation, and communications.