Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.34 and traded as low as $20.27. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.31, with a volume of 28,802 shares.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.7%

The business has a fifty day simple moving average of $20.34 and a two-hundred day simple moving average of $20.51.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.126 dividend. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, March 10th.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 32.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 2,501 shares of the company’s stock worth $50,000 after buying an additional 606 shares during the period. Gridiron Partners LLC lifted its position in Cohen & Steers Select Preferred and Income Fund by 12,990.5% during the 3rd quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock valued at $1,096,000 after acquiring an additional 5,234,520 shares during the period. Pettinga Financial Advisors LLC boosted its stake in Cohen & Steers Select Preferred and Income Fund by 54.4% during the second quarter. Pettinga Financial Advisors LLC now owns 23,672 shares of the company’s stock worth $477,000 after acquiring an additional 8,339 shares in the last quarter. Harbour Investments Inc. grew its holdings in Cohen & Steers Select Preferred and Income Fund by 11.1% in the second quarter. Harbour Investments Inc. now owns 46,854 shares of the company’s stock worth $944,000 after purchasing an additional 4,700 shares during the period. Finally, Arlington Capital Management Inc. purchased a new stake in Cohen & Steers Select Preferred and Income Fund in the second quarter worth about $216,000.

About Cohen & Steers Select Preferred and Income Fund

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.