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

Northwestern Mutual Wealth Management Co. boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) by 20,581.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 12.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 239,403 shares of the company’s stock worth $5,188,000 after buying an additional 26,506 shares during the period. PMG Family Office LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 3rd quarter worth approximately $580,000. Breachway Investments LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth approximately $1,013,000. WJ Financial Advisors LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 3rd quarter worth approximately $1,142,000. Finally, Smith Asset Management Co. LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 3rd quarter worth approximately $220,000.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 0.5%

Shares of NYSE LDP opened at $20.21 on Tuesday. The business’s 50 day moving average is $20.57 and its two-hundred day moving average is $21.07. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 12 month low of $19.35 and a 12 month high of $22.05.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

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

Cohen & Steers Limited Duration Preferred and Income Fund 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.