Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Stock Passes Above 200 Day Moving Average – Should You Sell?

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $12.58 and traded as high as $12.78. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.75, with a volume of 32,374 shares changing hands.

Cohen & Steers Closed-End Opportunity Fund Stock Down 0.1 %

The stock’s 50-day moving average price is $12.90 and its 200 day moving average price is $12.59.

Cohen & Steers Closed-End Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be issued a $0.087 dividend. This represents a $1.04 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Tuesday, March 11th.

Hedge Funds Weigh In On Cohen & Steers Closed-End Opportunity Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. GHP Investment Advisors Inc. acquired a new position in Cohen & Steers Closed-End Opportunity Fund during the third quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter worth approximately $78,000. Kapstone Financial Advisors LLC raised its stake in Cohen & Steers Closed-End Opportunity Fund by 17.2% in the 3rd quarter. Kapstone Financial Advisors LLC now owns 13,650 shares of the company’s stock valued at $177,000 after acquiring an additional 2,000 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in Cohen & Steers Closed-End Opportunity Fund during the 3rd quarter valued at $615,000. Finally, Private Advisor Group LLC boosted its position in Cohen & Steers Closed-End Opportunity Fund by 37.8% during the second quarter. Private Advisor Group LLC now owns 65,442 shares of the company’s stock worth $782,000 after purchasing an additional 17,962 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.