Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s stock price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.81 and traded as high as $20.85. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.79, with a volume of 110,783 shares traded.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The business has a 50-day moving average price of $20.80 and a 200 day moving average price of $20.75.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be paid a $0.131 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Tuesday, September 8th.

Hedge Funds Weigh In On 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 LDP. Geneos Wealth Management Inc. raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the second 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 position in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth approximately $34,000. Litman Gregory Wealth Management LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter valued at approximately $64,000. Compass Financial Management LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter valued at approximately $67,000. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 18.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,373 shares of the company’s stock valued at $219,000 after acquiring an additional 1,631 shares during the period.

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.