Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $21.29 and traded as high as $21.40. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2950, with a volume of 71,164 shares traded.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 0.6%

The firm has a fifty day moving average price of $21.29 and a 200-day moving average price of $21.41.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.131 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) annualized dividend and a yield of 7.3%.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geneos Wealth Management Inc. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares in the last quarter. Global Retirement Partners LLC bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at $34,000. Newbridge Financial Services Group Inc. purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth $62,000. Vermillion Wealth Management Inc. lifted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% in the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after purchasing an additional 1,771 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the third quarter valued at about $204,000.

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.