Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $13.00 and traded as low as $12.71. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.83, with a volume of 47,072 shares.

Cohen & Steers Closed-End Opportunity Fund Trading Up 0.2%

The stock’s 50-day simple moving average is $13.00 and its two-hundred day simple moving average is $12.72.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be given a dividend of $0.087 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Tuesday, December 9th.

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

Several large investors have recently bought and sold shares of the company. Mariner LLC lifted its position in shares of Cohen & Steers Closed-End Opportunity Fund by 3.5% in the third quarter. Mariner LLC now owns 157,974 shares of the company’s stock valued at $2,060,000 after acquiring an additional 5,395 shares in the last quarter. Bank of America Corp DE raised its stake in Cohen & Steers Closed-End Opportunity Fund by 2.4% in the 3rd quarter. Bank of America Corp DE now owns 528,537 shares of the company’s stock valued at $6,892,000 after purchasing an additional 12,591 shares during the last quarter. Raymond James Financial Inc. raised its stake in Cohen & Steers Closed-End Opportunity Fund by 13.1% in the 3rd quarter. Raymond James Financial Inc. now owns 372,929 shares of the company’s stock valued at $4,863,000 after purchasing an additional 43,214 shares during the last quarter. UBS Group AG lifted its holdings in Cohen & Steers Closed-End Opportunity Fund by 0.6% in the 3rd quarter. UBS Group AG now owns 244,605 shares of the company’s stock valued at $3,190,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Level Four Advisory Services LLC boosted its stake in Cohen & Steers Closed-End Opportunity Fund by 27.2% during the 3rd quarter. Level Four Advisory Services LLC now owns 21,575 shares of the company’s stock worth $281,000 after purchasing an additional 4,607 shares during the last quarter.

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.