Capital Investment Advisors LLC lowered its position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 1.2% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 82,909 shares of the investment management company’s stock after selling 1,014 shares during the period. Capital Investment Advisors LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,022,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Evanson Asset Management LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund in the 1st quarter valued at $201,000. Private Advisor Group LLC grew its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 4.7% in the first quarter. Private Advisor Group LLC now owns 27,190 shares of the investment management company’s stock valued at $663,000 after purchasing an additional 1,223 shares during the period. AdvisorNet Financial Inc increased its position in Cohen & Steers REIT and Preferred Income Fund by 7.4% during the first quarter. AdvisorNet Financial Inc now owns 29,121 shares of the investment management company’s stock worth $710,000 after purchasing an additional 2,000 shares during the last quarter. Valley Brook Capital Group purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth about $59,000. Finally, JPMorgan Chase & Co. acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $137,000.

RNP stock opened at $25.96 on Tuesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $15.87 and a one year high of $26.05. The firm’s 50 day moving average price is $24.62 and its 200-day moving average price is $22.68.

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, June 30th. Investors of record on Wednesday, June 16th will be given a $0.124 dividend. The ex-dividend date is Tuesday, June 15th. This represents a $1.49 annualized dividend and a yield of 5.73%.

About Cohen & Steers REIT and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.

See Also: Total Return

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Institutional Ownership by Quarter for Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP)

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