Kovack Advisors Inc. Takes $202,000 Position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF)

Kovack Advisors Inc. bought a new position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 7,755 shares of the investment management company’s stock, valued at approximately $202,000.

Several other hedge funds also recently made changes to their positions in UTF. Cetera Investment Advisers lifted its holdings in Cohen & Steers Infrastructure Fund by 420.9% in the 1st quarter. Cetera Investment Advisers now owns 182,220 shares of the investment management company’s stock worth $4,295,000 after buying an additional 147,236 shares during the period. Strategic Financial Concepts LLC purchased a new stake in Cohen & Steers Infrastructure Fund in the second quarter worth $28,000. International Assets Investment Management LLC bought a new stake in Cohen & Steers Infrastructure Fund in the third quarter valued at $2,845,000. Sanctuary Advisors LLC purchased a new position in Cohen & Steers Infrastructure Fund during the 2nd quarter valued at $1,694,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Cohen & Steers Infrastructure Fund in the 1st quarter worth $640,000.

Cohen & Steers Infrastructure Fund Stock Up 0.1 %

Shares of UTF opened at $24.90 on Friday. Cohen & Steers Infrastructure Fund, Inc has a 1-year low of $20.56 and a 1-year high of $26.31. The firm’s 50-day moving average price is $25.51 and its 200-day moving average price is $24.29.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were given a dividend of $0.155 per share. The ex-dividend date was Tuesday, October 15th. This represents a yield of 7.27%.

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.