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

Shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.80 and traded as high as $21.31. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2450, with a volume of 62,221 shares traded.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The business’s 50-day simple moving average is $20.80 and its 200 day simple moving average is $20.90.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be paid a $0.131 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, September 8th.

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

A number of hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. lifted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after acquiring an additional 2,305,718 shares during the period. Platt Wealth Management LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter worth about $1,762,000. Glaxis Capital Management LLC lifted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock worth $4,907,000 after purchasing an additional 57,800 shares during the period. Breachway Investments LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth approximately $1,013,000. Finally, Fifth Third Bancorp purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter worth approximately $637,000.

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.