Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.67 and traded as low as $19.23. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.31, with a volume of 63,182 shares changing hands.

Cohen & Steers Select Preferred and Income Fund Stock Performance

The company has a 50 day moving average of $19.66 and a 200-day moving average of $19.74.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.126 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, September 8th.

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

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada lifted its holdings in Cohen & Steers Select Preferred and Income Fund by 12.6% in the first quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock worth $1,409,000 after acquiring an additional 7,895 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 9.1% during the second quarter. Invesco Ltd. now owns 190,660 shares of the company’s stock valued at $3,840,000 after purchasing an additional 15,851 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 1.8% during the second quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock valued at $2,952,000 after purchasing an additional 2,591 shares during 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 worth $896,000 after purchasing an additional 1,094 shares during the period. Finally, US Bancorp DE lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% in the 3rd quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after purchasing an additional 4,911 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.