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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $20.81 and traded as high as $21.11. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.0250, with a volume of 39,147 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The firm has a 50 day simple moving average of $20.81 and a two-hundred day simple moving average of $20.90.

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 issued a dividend of $0.131 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend is Tuesday, September 8th.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Investment Advisers raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% in the 2nd quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock worth $383,000 after buying an additional 587 shares in the last quarter. Oder Investment Management LLC grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 0.8% during the first quarter. Oder Investment Management LLC now owns 74,570 shares of the company’s stock worth $1,489,000 after acquiring an additional 601 shares during the period. WJ Financial Advisors LLC raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 1.2% in the fourth quarter. WJ Financial Advisors LLC now owns 53,364 shares of the company’s stock worth $1,130,000 after acquiring an additional 650 shares in the last quarter. Creative Planning raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% in the third quarter. Creative Planning now owns 12,070 shares of the company’s stock worth $262,000 after acquiring an additional 670 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 0.5% in the second quarter. Baird Financial Group Inc. now owns 142,096 shares of the company’s stock worth $2,981,000 after acquiring an additional 761 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.