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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP – Get Free Report)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $20.61 and traded as low as $20.61. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.6450, with a volume of 50,944 shares.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The business’s 50 day simple moving average is $20.61 and its two-hundred day simple moving average is $20.96.

Get Cohen & Steers Limited Duration Preferred and Income Fund alerts:

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.131 per share. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

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

Several institutional investors have recently added to or reduced their stakes in LDP. Northwestern Mutual Wealth Management Co. increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% during 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 buying an additional 2,305,718 shares during the period. Platt Wealth Management LLC purchased a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter valued at $1,762,000. Glaxis Capital Management LLC boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after purchasing an additional 57,800 shares during the last quarter. WJ Financial Advisors LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at $1,142,000. Finally, Breachway Investments LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at $1,013,000.

About Cohen & Steers Limited Duration Preferred and Income Fund

(Get Free Report)

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.

Read More

• Five stocks we like better than Cohen & Steers Limited Duration Preferred and Income Fund
• These 3 Insurance Stocks Made New 52-Week Highs: Still Time to Buy?
• 3 Stocks Under $20 to Buy Before a Broader Market Rally
• Petco Faces Tough Competition, But Momentum Is Building
• The Lock-In Effect Is Real—These 3 Homebuilders Are Betting on It

Receive News & Ratings for Cohen & Steers Limited Duration Preferred and Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers Limited Duration Preferred and Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.