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

Kovack Advisors Inc. purchased a new position in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) in the 3rd quarter, HoldingsChannel.com reports. The firm purchased 7,755 shares of the investment management company’s stock, valued at approximately $202,000.

Other large investors also recently bought and sold shares of the company. Harbour Investments Inc. raised its stake in Cohen & Steers Infrastructure Fund by 12.7% during the third quarter. Harbour Investments Inc. now owns 20,490 shares of the investment management company’s stock valued at $533,000 after buying an additional 2,304 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Cohen & Steers Infrastructure Fund by 15.5% in the 1st quarter. Cetera Advisors LLC now owns 46,599 shares of the investment management company’s stock worth $1,098,000 after purchasing an additional 6,258 shares during the last quarter. Creative Planning boosted its stake in Cohen & Steers Infrastructure Fund by 22.9% in the 3rd quarter. Creative Planning now owns 33,221 shares of the investment management company’s stock worth $865,000 after purchasing an additional 6,190 shares in the last quarter. Raymond James & Associates grew its position in Cohen & Steers Infrastructure Fund by 0.8% during the 3rd quarter. Raymond James & Associates now owns 253,586 shares of the investment management company’s stock valued at $6,601,000 after purchasing an additional 2,137 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in Cohen & Steers Infrastructure Fund by 420.9% during the 1st quarter. Cetera Investment Advisers now owns 182,220 shares of the investment management company’s stock valued at $4,295,000 after purchasing an additional 147,236 shares during the last quarter.

Cohen & Steers Infrastructure Fund Stock Up 0.1 %

Shares of Cohen & Steers Infrastructure Fund stock opened at $24.90 on Friday. The company has a 50-day simple moving average of $25.51 and a two-hundred day simple moving average of $24.29. Cohen & Steers Infrastructure Fund, Inc has a 52-week low of $20.56 and a 52-week high of $26.31.

Cohen & Steers Infrastructure Fund Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were issued a $0.155 dividend. The ex-dividend date of this dividend 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.