Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Shares Pass Above 50 Day Moving Average – Time to Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $21.29 and traded as high as $21.40. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2950, with a volume of 71,164 shares.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The firm’s fifty day moving average is $21.29 and its 200-day moving average is $21.41.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $0.131 dividend. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, March 10th.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atria Investments Inc raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 375.7% in the 2nd quarter. Atria Investments Inc now owns 189,228 shares of the company’s stock valued at $3,970,000 after buying an additional 149,448 shares during the period. Chicago Partners Investment Group LLC boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 1.9% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 432,383 shares of the company’s stock valued at $9,007,000 after acquiring an additional 8,228 shares during the period. Envestnet Asset Management Inc. grew its position in Cohen & Steers Limited Duration Preferred and Income Fund by 19.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 212,897 shares of the company’s stock valued at $4,467,000 after acquiring an additional 34,271 shares in the last quarter. Glaxis Capital Management LLC lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.3% during the second quarter. Glaxis Capital Management LLC now owns 158,000 shares of the company’s stock worth $3,315,000 after purchasing an additional 8,000 shares in the last quarter. Finally, Rareview Capital LLC boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 49.9% in the second quarter. Rareview Capital LLC now owns 88,694 shares of the company’s stock valued at $1,861,000 after purchasing an additional 29,530 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.