Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSFGet Free Report) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.77 and traded as low as $19.50. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.5550, with a volume of 39,076 shares.

Cohen & Steers Select Preferred and Income Fund Stock Performance

The company has a 50 day moving average price of $19.77 and a 200 day moving average price of $19.95.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.126 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, September 8th.

Hedge Funds 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. Integrated Wealth Concepts LLC grew its stake in Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after acquiring an additional 543 shares during the period. Kestra Advisory Services LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 1.6% in the 1st quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock worth $742,000 after acquiring an additional 600 shares during the last quarter. Truist Financial Corp raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 2.1% in the 4th quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock valued at $672,000 after acquiring an additional 686 shares in the last quarter. Osaic Holdings Inc. raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% during the 2nd quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock valued at $896,000 after buying an additional 1,094 shares in the last quarter. Finally, Shaker Financial Services LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 1.7% during the 4th quarter. Shaker Financial Services LLC now owns 72,187 shares of the company’s stock valued at $1,464,000 after buying an additional 1,174 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

(Get Free Report)

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.

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