Traders Are Bullish Cohen & Steers Infrastructure Fund, Inc (UTF) After The Stock Formed Bullish Multiple Top

December 10, 2017 - By Louis Casey

Investors sentiment decreased to 1.27 in Q2 2017. Its down 0.06, from 1.33 in 2017Q1. It fall, as 10 investors sold Cohen & Steers Infrastructure Fund, Inc shares while 23 reduced holdings. 11 funds opened positions while 31 raised stakes. 14.32 million shares or 3.90% less from 14.90 million shares in 2017Q1 were reported.
Stifel invested in 113,104 shares. Commonwealth Equity Svcs stated it has 0.01% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). Whittier Trust Company accumulated 0% or 800 shares. Davenport & Comm Lc has 0% invested in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) for 10,682 shares. Lpl Finance Limited Liability reported 0.01% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). 3,800 were accumulated by Rocky Mountain Advisers Ltd. Patten And Patten Inc Tn holds 51,800 shares or 0.14% of its portfolio. Rathbone Brothers Plc holds 0.06% or 52,990 shares. Envestnet Asset Mgmt has invested 0% in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF). 138,510 are owned by Oxbow Advsrs Ltd Com. Ameriprise invested in 101,041 shares. 174,752 were reported by First Republic. United Fincl Advisers Llc reported 0.01% stake. Moreover, Grt Capital Prtn Limited Liability Corp has 0.15% invested in Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) for 10,900 shares. Mcgowan Group Asset Mngmt owns 976,468 shares.

The stock of Cohen & Steers Infrastructure Fund, Inc (UTF) shows a multiple tops pattern with $24.51 target or 5.00 % above today’s $23.34 share price. The 7 months chart pattern indicates low risk for the $1.99 billion company. It was reported on Dec, 10 by Finviz.com. If the $24.51 price target is reached, the company will be worth $99.55 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 0.17% or $0.04 during the last trading session, reaching $23.34. About 130,827 shares traded. Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) has risen 17.27% since December 10, 2016 and is uptrending. It has outperformed by 0.57% the S&P500.

More news for Cohen & Steers Infrastructure Fund, Inc (NYSE:UTF) were recently published by: Nasdaq.com, which released: “How Gurus Generate Income: Bill Gross” on December 08, 2017. Nasdaq.com‘s article titled: “Cohen & Steers Infrastructure Fund, Inc (UTF) Ex-Dividend Date Scheduled for …” and published on November 13, 2017 is yet another important article.

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