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

Shares of Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $12.89 and traded as low as $12.83. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.85, with a volume of 29,514 shares traded.

Cohen & Steers Closed-End Opportunity Fund Stock Down 0.2 %

The firm has a fifty day moving average of $12.89 and a 200 day moving average of $12.29.

Cohen & Steers Closed-End Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th were issued a $0.087 dividend. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a dividend yield of 8.02%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. GHP Investment Advisors Inc. purchased a new stake in shares of Cohen & Steers Closed-End Opportunity Fund in the 3rd quarter valued at about $28,000. Future Financial Wealth Managment LLC acquired a new position in Cohen & Steers Closed-End Opportunity Fund during the third quarter worth approximately $78,000. Kapstone Financial Advisors LLC acquired a new position in Cohen & Steers Closed-End Opportunity Fund during the second quarter worth approximately $139,000. Saxony Capital Management LLC boosted its holdings in shares of Cohen & Steers Closed-End Opportunity Fund by 5.2% in the second quarter. Saxony Capital Management LLC now owns 25,493 shares of the company’s stock valued at $305,000 after acquiring an additional 1,250 shares during the period. Finally, J.W. Cole Advisors Inc. purchased a new position in shares of Cohen & Steers Closed-End Opportunity Fund during the third quarter worth approximately $615,000.

Cohen & Steers Closed-End Opportunity Fund Company Profile

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.