Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF – Get Free Report) shares shot up 1% on Monday. The stock traded as high as $19.22 and last traded at $19.1950. Approximately 34,287 shares changed hands during mid-day trading, a decline of 25% from the average daily volume of 45,983 shares. The stock had previously closed at $19.01.
Cohen & Steers Select Preferred and Income Fund Trading Up 0.1%
The business’s 50-day moving average price is $18.50 and its two-hundred day moving average price is $19.49.
Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund
Several large investors have recently modified their holdings of PSF. Pettinga Financial Advisors LLC raised its holdings in Cohen & Steers Select Preferred and Income Fund by 101.2% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after buying an additional 40,612 shares during the period. Royal Bank of Canada lifted its position in Cohen & Steers Select Preferred and Income Fund by 25.1% in the 1st quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock valued at $1,449,000 after acquiring an additional 15,019 shares in the last quarter. Readystate Asset Management LP acquired a new position in Cohen & Steers Select Preferred and Income Fund in the 1st quarter worth $262,000. Fifth Third Bancorp acquired a new position in Cohen & Steers Select Preferred and Income Fund in the 1st quarter worth $247,000. Finally, Glaxis Capital Management LLC increased its holdings in Cohen & Steers Select Preferred and Income Fund by 10.0% during the 3rd quarter. Glaxis Capital Management LLC now owns 55,000 shares of the company’s stock worth $998,000 after purchasing an additional 5,000 shares in the last quarter.
About Cohen & Steers Select Preferred and Income Fund
Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company advised by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective. PSF invests primarily in preferred securities, including preferred stocks and other securities with income-oriented characteristics. The portfolio may also include income-producing securities issued by companies and financial institutions, as well as securities issued by entities outside the United States.
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