PMG Family Office LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,783 shares of the company’s stock, valued at approximately $580,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings 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 worth $32,000 after buying an additional 1,014 shares during the period. Newbridge Financial Services Group Inc. bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth $62,000. Vermillion Wealth Management Inc. raised its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% in the 3rd quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after acquiring an additional 1,771 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter worth $204,000. Finally, Smith Asset Management Co. LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter worth $220,000.
Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 0.2%
LDP opened at $20.55 on Thursday. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 12-month low of $18.38 and a 12-month high of $22.05. The stock’s 50 day moving average price is $21.19 and its two-hundred day moving average price is $21.37.
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.
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