Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-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 traded.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 0.7%

The business has a fifty day moving average price of $20.61 and a 200-day moving average price of $20.96.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

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

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

A number of hedge funds and other institutional investors have recently made changes to their positions in LDP. Geneos Wealth Management Inc. raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after buying an additional 1,014 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at approximately $34,000. Litman Gregory Wealth Management LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at approximately $64,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at approximately $204,000. Finally, Smith Asset Management Co. LLC raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 15.9% in the fourth quarter. Smith Asset Management Co. LLC now owns 11,785 shares of the company’s stock valued at $249,000 after buying an additional 1,614 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.