Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Price Crosses Below 50-Day Moving Average – What’s Next?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $20.76 and traded as low as $20.41. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.44, with a volume of 56,699 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The company has a fifty day simple moving average of $20.72 and a two-hundred day simple moving average of $20.70.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be given a $0.131 dividend. This represents a c) annualized dividend and a dividend yield of 7.9%. The ex-dividend date of this dividend is Tuesday, September 8th.

Institutional Investors Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

A number of institutional investors have recently added to or reduced their stakes in LDP. Compass Financial Management LLC acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter valued at approximately $67,000. Rareview Capital LLC increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 9.7% in the 2nd quarter. Rareview Capital LLC now owns 145,557 shares of the company’s stock worth $3,054,000 after buying an additional 12,854 shares during the period. Community Bank & Trust Waco Texas increased its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% in the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock worth $6,243,000 after acquiring an additional 5,852 shares during the period. Oarsman Capital Inc. grew its position in Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the 2nd quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock worth $14,808,000 after purchasing an additional 16,581 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 18.7% during the second 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 in the last quarter.

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.