Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.67 and traded as low as $20.12. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.3650, with a volume of 52,438 shares trading hands.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.2%

The business has a fifty day moving average of $20.67 and a two-hundred day moving average of $20.36.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.126 per share. This represents a c) annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, December 9th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSF. Invesco Ltd. lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 7.2% during the first quarter. Invesco Ltd. now owns 174,809 shares of the company’s stock valued at $3,494,000 after purchasing an additional 11,772 shares in the last quarter. Kestra Advisory Services LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 29.8% during the 1st quarter. Kestra Advisory Services LLC now owns 42,770 shares of the company’s stock worth $855,000 after purchasing an additional 9,826 shares during the last quarter. Comerica Bank lifted its stake in Cohen & Steers Select Preferred and Income Fund by 50.6% in the 1st quarter. Comerica Bank now owns 7,047 shares of the company’s stock valued at $141,000 after buying an additional 2,368 shares in the last quarter. Royal Bank of Canada boosted its holdings in Cohen & Steers Select Preferred and Income Fund by 12.6% in the 1st quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock worth $1,409,000 after buying an additional 7,895 shares during the last quarter. Finally, Smith Asset Management Co. LLC acquired a new stake in Cohen & Steers Select Preferred and Income Fund in the 1st quarter worth about $2,746,000.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.