Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) Shares Break Below Fifty Day Moving Average – Here’s What Happened

Cohen & Steers Closed-End Opportunity Fund, Inc. (NYSE:FOF)’s stock price crossed below its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $12.87 and traded as low as $12.15. Cohen & Steers Closed-End Opportunity Fund shares last traded at $12.2060, with a volume of 50,099 shares changing hands.

Cohen & Steers Closed-End Opportunity Fund Price Performance

The company has a 50-day simple moving average of $12.87 and a 200 day simple moving average of $13.40.

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

Several institutional investors have recently made changes to their positions in FOF. Bank of America Corp DE lifted its stake in shares of Cohen & Steers Closed-End Opportunity Fund by 1.8% in the 1st quarter. Bank of America Corp DE now owns 551,868 shares of the company’s stock valued at $7,080,000 after purchasing an additional 9,495 shares during the period. Shaker Financial Services LLC boosted its holdings in Cohen & Steers Closed-End Opportunity Fund by 889.1% during the third quarter. Shaker Financial Services LLC now owns 124,694 shares of the company’s stock worth $1,555,000 after buying an additional 112,087 shares in the last quarter. Financial Alternatives Inc purchased a new stake in Cohen & Steers Closed-End Opportunity Fund during the second quarter worth $608,000. Kestra Advisory Services LLC grew its position in Cohen & Steers Closed-End Opportunity Fund by 2.9% during the first quarter. Kestra Advisory Services LLC now owns 33,876 shares of the company’s stock valued at $435,000 after buying an additional 966 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Cohen & Steers Closed-End Opportunity Fund during the first quarter valued at $426,000.

Cohen & Steers Closed-End Opportunity Fund Company Profile

Cohen & Steers Closed-End Opportunity Fund (NYSE:FOF) is a closed-end investment company managed by Cohen & Steers Capital Management. The fund seeks to provide investors with total return through a combination of current income and capital appreciation.

FOF invests primarily in a diversified portfolio of other closed-end funds. These underlying funds may provide exposure to equity securities, fixed-income investments, preferred securities, convertible securities and other income-oriented assets.