Royal Bank of Canada Increases Stake in Cohen & Steers Infrastructure Fund, Inc $UTF

Royal Bank of Canada lifted its position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) by 3.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 936,075 shares of the investment management company’s stock after buying an additional 32,064 shares during the period. Royal Bank of Canada’s holdings in Cohen & Steers Infrastructure Fund were worth $24,225,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Griffin Asset Management Inc. raised its holdings in shares of Cohen & Steers Infrastructure Fund by 110.6% in the 4th quarter. Griffin Asset Management Inc. now owns 38,541 shares of the investment management company’s stock valued at $929,000 after purchasing an additional 20,240 shares in the last quarter. Matrix Private Capital Group LLC bought a new position in shares of Cohen & Steers Infrastructure Fund during the first quarter valued at approximately $3,115,000. IFG Advisory LLC bought a new position in shares of Cohen & Steers Infrastructure Fund during the fourth quarter valued at approximately $523,000. Kestra Advisory Services LLC increased its holdings 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 valued at $6,174,000 after buying an additional 68,542 shares during the period. Finally, Sit Investment Associates Inc. increased its holdings in Cohen & Steers Infrastructure Fund by 298.5% during the fourth quarter. Sit Investment Associates Inc. now owns 2,644,374 shares of the investment management company’s stock valued at $63,756,000 after buying an additional 1,980,749 shares during the period.

Cohen & Steers Infrastructure Fund Trading Down 1.1%

Shares of NYSE:UTF opened at $27.27 on Thursday. Cohen & Steers Infrastructure Fund, Inc has a 12-month low of $23.42 and a 12-month high of $28.11. The business’s fifty day simple moving average is $27.40 and its 200-day simple moving average is $26.68.

Cohen & Steers Infrastructure Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a $0.165 dividend. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, September 8th.

About Cohen & Steers Infrastructure Fund

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.