Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s stock price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $20.80 and traded as high as $21.31. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2450, with a volume of 62,221 shares trading hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 0.0%

The stock has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $20.90.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th 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 of this dividend is Tuesday, September 8th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after buying an additional 2,305,718 shares in the last quarter. Platt Wealth Management LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter worth about $1,762,000. Glaxis Capital Management LLC boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after acquiring an additional 57,800 shares during the period. Breachway Investments LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at about $1,013,000. Finally, Fifth Third Bancorp acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter valued at about $637,000.

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.