IFP Advisors Inc boosted its stake in Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) by 2.1% during the second quarter, Holdings Channel reports. The fund owned 48,057 shares of the investment management company’s stock after buying an additional 968 shares during the period. IFP Advisors Inc’s holdings in Cohen & Steers REIT/Pfd Inc Fd were worth $999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RNP. Janney Montgomery Scott LLC raised its position in shares of Cohen & Steers REIT/Pfd Inc Fd by 16.2% in the second quarter. Janney Montgomery Scott LLC now owns 33,715 shares of the investment management company’s stock valued at $701,000 after buying an additional 4,703 shares during the last quarter. Stratos Wealth Partners LTD. purchased a new position in shares of Cohen & Steers REIT/Pfd Inc Fd during the second quarter valued at about $216,000. Finally, Bank of Stockton purchased a new position in shares of Cohen & Steers REIT/Pfd Inc Fd during the second quarter valued at about $205,000.

Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) opened at 20.65 on Thursday. The firm has a 50-day moving average price of $20.87 and a 200 day moving average price of $20.10. Cohen & Steers REIT/Pfd Inc Fd has a one year low of $17.91 and a one year high of $21.69.

The firm also recently declared a monthly dividend, which was paid on Monday, July 31st. Investors of record on Thursday, July 20th were issued a dividend of $0.124 per share. The ex-dividend date of this dividend was Tuesday, July 18th. This represents a $1.49 dividend on an annualized basis and a yield of 7.21%.

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Cohen & Steers REIT/Pfd Inc Fd Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation.

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Institutional Ownership by Quarter for Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP)

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