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:LDP)’s share price crossed 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 changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The stock’s 50-day moving average price is $20.81 and its two-hundred day moving average price is $20.90.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Tuesday, September 8th will be issued a dividend of $0.131 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Hedge Funds 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 the company. Cetera Investment Advisers lifted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% in the second quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock valued at $383,000 after acquiring an additional 587 shares during the period. Invesco Ltd. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.9% during the 2nd quarter. Invesco Ltd. now owns 442,605 shares of the company’s stock valued at $9,286,000 after purchasing an additional 3,997 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.5% during the 2nd quarter. Baird Financial Group Inc. now owns 142,096 shares of the company’s stock valued at $2,981,000 after purchasing an additional 761 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the period. Finally, Creative Planning boosted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% in the third quarter. Creative Planning now owns 12,070 shares of the company’s stock worth $262,000 after buying an additional 670 shares during the last quarter.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.