Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $19.94 and traded as low as $18.86. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $18.98, with a volume of 79,671 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.3%

The company has a fifty day simple moving average of $19.90 and a 200-day simple moving average of $20.45.

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

Hedge funds have recently bought and sold shares of the stock. Fifth Third Bancorp purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the first quarter valued at $637,000. Readystate Asset Management LP bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the first quarter valued at $533,000. Rareview Capital LLC boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20.8% during the 1st quarter. Rareview Capital LLC now owns 132,703 shares of the company’s stock worth $2,784,000 after purchasing an additional 22,855 shares during the period. Oarsman Capital Inc. raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% in 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, Sanctuary Advisors LLC raised its position in Cohen & Steers Limited Duration Preferred and Income Fund by 13.6% in the 1st quarter. Sanctuary Advisors LLC now owns 121,285 shares of the company’s stock worth $2,422,000 after purchasing an additional 14,514 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) is a closed-end investment company managed by Cohen & Steers Capital Management, Inc The fund seeks to provide a high level of current income while pursuing total return through investments in preferred securities and other income-producing investments.

LDP focuses on a limited-duration portfolio designed to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income strategies. Its investments may include preferred stocks, corporate debt securities and other income-oriented securities issued by companies in the financial, utility, real estate and other sectors.

The fund invests in U.S.