Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Price Passes Above 50 Day Moving Average of $12.57

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $12.57 and traded as high as $13.19. Cohen & Steers Closed-End Opportunity Fund shares last traded at $13.10, with a volume of 99,566 shares trading hands.

The firm has a 50 day simple moving average of $12.61 and a 200 day simple moving average of $11.67.

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The firm also recently announced a monthly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 17th will be paid a dividend of $0.087 per share. The ex-dividend date of this dividend is Tuesday, March 16th. This represents a $1.04 annualized dividend and a yield of 7.86%.

A number of institutional investors and hedge funds have recently modified their holdings of FOF. Carroll Financial Associates Inc. purchased a new stake in Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter valued at $38,000. FNY Investment Advisers LLC bought a new position in Cohen & Steers Closed-End Opportunity Fund in the fourth quarter valued at about $128,000. Kestra Advisory Services LLC purchased a new position in Cohen & Steers Closed-End Opportunity Fund in the third quarter worth about $164,000. Future Financial Wealth Managment LLC bought a new position in shares of Cohen & Steers Closed-End Opportunity Fund in the 4th quarter worth approximately $185,000. Finally, Raymond James Trust N.A. lifted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 58.5% in the 3rd quarter. Raymond James Trust N.A. now owns 27,902 shares of the company’s stock worth $310,000 after purchasing an additional 10,299 shares during the period.

About Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF)

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.

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