Platt Wealth Management LLC Takes $1.76 Million Position in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. $LDP

Platt Wealth Management LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 83,256 shares of the company’s stock, valued at approximately $1,762,000. Cohen & Steers Limited Duration Preferred and Income Fund accounts for approximately 1.7% of Platt Wealth Management LLC’s investment portfolio, making the stock its 17th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LDP. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after purchasing an additional 1,014 shares during the period. Global Retirement Partners LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at $34,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter valued at $204,000. Smith Asset Management Co. LLC bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter valued at $220,000. Finally, Creative Planning raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% during the 3rd quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after purchasing an additional 670 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.4%

NYSE:LDP opened at $20.39 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 52-week low of $19.35 and a 52-week high of $22.05. The business’s fifty day moving average is $20.55 and its 200 day moving average is $21.03.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.131 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, June 9th.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.