Northwestern Mutual Wealth Management Co. Acquires 2,305,718 Shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. $LDP

Northwestern Mutual Wealth Management Co. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) by 20,581.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,316,921 shares of the company’s stock after buying an additional 2,305,718 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Cohen & Steers Limited Duration Preferred and Income Fund were worth $49,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Envestnet Asset Management Inc. raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 12.5% in the third quarter. Envestnet Asset Management Inc. now owns 239,403 shares of the company’s stock valued at $5,188,000 after purchasing an additional 26,506 shares in the last quarter. PMG Family Office LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at $580,000. Breachway Investments LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at $1,013,000. WJ Financial Advisors LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at $1,142,000. Finally, Shaker Financial Services LLC raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 11.1% in the fourth quarter. Shaker Financial Services LLC now owns 93,902 shares of the company’s stock valued at $1,988,000 after purchasing an additional 9,418 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of NYSE LDP opened at $20.21 on Tuesday. The business has a fifty day simple moving average of $20.57 and a 200 day simple moving average of $21.07. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a one year low of $19.35 and a one year high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be given a dividend of $0.131 per share. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, June 9th.

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.