Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $12.57 and traded as low as $11.84. Cohen & Steers Closed-End Opportunity Fund shares last traded at $11.89, with a volume of 32,097 shares.

Cohen & Steers Closed-End Opportunity Fund Price Performance

The firm has a 50-day moving average of $12.57 and a two-hundred day moving average of $12.77.

Cohen & Steers Closed-End Opportunity Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were given a $0.087 dividend. This represents a dividend yield of 8.25%. The ex-dividend date of this dividend was Tuesday, January 14th.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FOF. Kapstone Financial Advisors LLC raised its position in Cohen & Steers Closed-End Opportunity Fund by 17.2% in the third quarter. Kapstone Financial Advisors LLC now owns 13,650 shares of the company’s stock valued at $177,000 after purchasing an additional 2,000 shares during the period. Thrivent Financial for Lutherans raised its position in Cohen & Steers Closed-End Opportunity Fund by 24.4% in the third quarter. Thrivent Financial for Lutherans now owns 109,165 shares of the company’s stock valued at $1,419,000 after purchasing an additional 21,433 shares during the period. J.W. Cole Advisors Inc. raised its position in Cohen & Steers Closed-End Opportunity Fund by 69.4% in the fourth quarter. J.W. Cole Advisors Inc. now owns 80,077 shares of the company’s stock valued at $1,017,000 after purchasing an additional 32,794 shares during the period. Sargent Investment Group LLC purchased a new position in Cohen & Steers Closed-End Opportunity Fund in the fourth quarter valued at about $140,000. Finally, Bank of America Corp DE raised its position in Cohen & Steers Closed-End Opportunity Fund by 8.4% in the fourth quarter. Bank of America Corp DE now owns 522,690 shares of the company’s stock valued at $6,638,000 after purchasing an additional 40,310 shares during the period.

About Cohen & Steers Closed-End Opportunity Fund

Cohen & Steers Closed-End Opportunity Fund, Inc is a close-ended fund of funds launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in funds investing in public equity markets. It also invests in funds investing in convertible securities, preferred securities, high yield securities and real estate, energy, utility, and other equity or income-oriented strategies.