Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Shares Cross Below 50 Day Moving Average – What’s Next?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $21.26 and traded as low as $21.08. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.20, with a volume of 90,616 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The firm’s 50 day moving average is $21.26 and its two-hundred day moving average is $21.40.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.131 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date is Tuesday, March 10th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. lifted its stake in 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 during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth about $62,000. Vermillion Wealth Management Inc. increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% in the 3rd quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after acquiring an additional 1,771 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 3rd quarter valued at about $204,000. Finally, Smith Asset Management Co. LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter valued at about $220,000.

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.