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:LDPGet Free Report) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 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 traded.

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

The firm’s 50 day moving average is $20.81 and its 200 day moving average is $20.90.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a $0.131 dividend. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.5%.

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

A number of institutional investors and hedge funds have recently modified their holdings of LDP. Glaxis Capital Management LLC grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock worth $4,907,000 after acquiring an additional 57,800 shares during the last quarter. Platt Wealth Management LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter worth $1,762,000. Breachway Investments LLC purchased a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the fourth quarter valued at $1,013,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of 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 purchasing an additional 2,305,718 shares during the last quarter. Finally, Oder Investment Management LLC boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.8% in the 1st quarter. Oder Investment Management LLC now owns 74,570 shares of the company’s stock valued at $1,489,000 after purchasing an additional 601 shares during the period.

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.

Further Reading

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