Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF)’s share price passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $12.75 and traded as low as $12.48. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.50, with a volume of 48,321 shares changing hands.

Cohen & Steers Closed-End Opportunity Fund Stock Performance

The firm’s fifty day moving average price is $12.75 and its 200 day moving average price is $12.74.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

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

Institutional Investors Weigh In On Cohen & Steers Closed-End Opportunity Fund

Several institutional investors and hedge funds have recently modified their holdings of FOF. Raymond James Financial Inc. acquired a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the 4th quarter valued at $3,532,000. LPL Financial LLC lifted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 18.1% in the 4th quarter. LPL Financial LLC now owns 913,599 shares of the company’s stock valued at $11,603,000 after purchasing an additional 139,779 shares during the last quarter. J.W. Cole Advisors Inc. acquired a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the 3rd quarter valued at $615,000. Thrivent Financial for Lutherans lifted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 24.4% in the 3rd 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 last quarter. Finally, Sargent Investment Group LLC acquired a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the 4th quarter valued at $140,000.

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.