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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $20.76 and traded as low as $20.41. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.44, with a volume of 56,699 shares traded.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The firm has a 50 day moving average price of $20.76 and a 200 day moving average price of $20.72.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

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 $0.131 per share. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Tuesday, September 8th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LDP. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after purchasing an additional 2,305,718 shares in the last quarter. Oarsman Capital Inc. lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% in the 2nd quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock worth $14,808,000 after purchasing an additional 16,581 shares during the period. Invesco Ltd. boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.1% during the third quarter. Invesco Ltd. now owns 451,782 shares of the company’s stock valued at $9,790,000 after purchasing an additional 9,177 shares in the last quarter. Community Bank & Trust Waco Texas boosted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% during the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock valued at $6,243,000 after purchasing an additional 5,852 shares in the last quarter. Finally, Glaxis Capital Management LLC increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after buying an additional 57,800 shares during the period.

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.