Center Coast MLP & Infrastructure Fund (NYSE:CEN) reached a new 52-week low on Tuesday . The stock traded as low as $9.17 and last traded at $9.43, with a volume of 333400 shares trading hands. The stock had previously closed at $9.66.

The company also recently declared a monthly dividend, which was paid on Friday, October 27th. Investors of record on Friday, October 13th were given a dividend of $0.1042 per share. The ex-dividend date was Thursday, October 12th. This represents a $1.25 annualized dividend and a dividend yield of 13.26%.

In other news, CEO Dan C. Tutcher purchased 7,200 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were bought at an average cost of $9.67 per share, for a total transaction of $69,624.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northern Capital Management LLC boosted its position in shares of Center Coast MLP & Infrastructure Fund by 4.2% during the second quarter. Northern Capital Management LLC now owns 14,825 shares of the investment management company’s stock valued at $162,000 after purchasing an additional 600 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Center Coast MLP & Infrastructure Fund by 8.4% during the second quarter. Janney Montgomery Scott LLC now owns 37,950 shares of the investment management company’s stock valued at $416,000 after purchasing an additional 2,950 shares in the last quarter. Stifel Financial Corp bought a new stake in shares of Center Coast MLP & Infrastructure Fund during the third quarter valued at approximately $123,000. Doliver Capital Advisors LP boosted its position in shares of Center Coast MLP & Infrastructure Fund by 31.3% during the second quarter. Doliver Capital Advisors LP now owns 68,445 shares of the investment management company’s stock valued at $749,000 after purchasing an additional 16,322 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of Center Coast MLP & Infrastructure Fund by 39.7% during the third quarter. Oppenheimer & Co. Inc. now owns 60,920 shares of the investment management company’s stock valued at $643,000 after purchasing an additional 17,327 shares in the last quarter.

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About Center Coast MLP & Infrastructure Fund

Center Coast MLP & Infrastructure Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return with an emphasis on distributions to shareholders. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of master limited partnerships (MLPs) and energy infrastructure companies.

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