Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Shares Climb 1% – Here’s What Happened

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) traded up 1% during trading on Monday. The company traded as high as $19.22 and last traded at $19.1950. 34,287 shares changed hands during trading, a decline of 25% from the average daily volume of 45,983 shares. The stock had previously closed at $19.01.

Cohen & Steers Select Preferred and Income Fund Price Performance

The company’s fifty day simple moving average is $18.52 and its 200 day simple moving average is $19.50.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in PSF. Pettinga Financial Advisors LLC grew its holdings in Cohen & Steers Select Preferred and Income Fund by 101.2% during the second quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock valued at $1,626,000 after purchasing an additional 40,612 shares during the period. Royal Bank of Canada boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 25.1% during the first quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock worth $1,449,000 after purchasing an additional 15,019 shares during the period. Readystate Asset Management LP bought a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the first quarter worth about $262,000. Fifth Third Bancorp bought a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the first quarter worth about $247,000. Finally, Glaxis Capital Management LLC grew its stake in shares of Cohen & Steers Select Preferred and Income Fund by 10.0% in the third quarter. Glaxis Capital Management LLC now owns 55,000 shares of the company’s stock worth $998,000 after purchasing an additional 5,000 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company advised by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PSF invests primarily in preferred securities, including preferred stocks and other securities with income-oriented characteristics. The portfolio may also include income-producing securities issued by companies and financial institutions, as well as securities issued by entities outside the United States.

Cohen & Steers is an investment manager specializing in real assets and income-oriented strategies, including preferred securities.