XML Financial LLC Acquires 37,672 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

XML Financial LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 6.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 598,747 shares of the investment management company’s stock after buying an additional 37,672 shares during the quarter. XML Financial LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $12,155,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of RNP. Cornerstone Wealth Management LLC boosted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after acquiring an additional 1,347 shares during the period. Janney Montgomery Scott LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 9.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,468 shares of the investment management company’s stock valued at $327,000 after acquiring an additional 1,356 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Cohen & Steers REIT and Preferred Income Fund by 9.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,123 shares of the investment management company’s stock valued at $327,000 after purchasing an additional 1,395 shares during the last quarter. Heritage Wealth Advisors acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $35,000. Finally, Envestnet Asset Management Inc. boosted its position in Cohen & Steers REIT and Preferred Income Fund by 12.8% during the third quarter. Envestnet Asset Management Inc. now owns 16,371 shares of the investment management company’s stock worth $368,000 after purchasing an additional 1,852 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.2%

NYSE:RNP opened at $20.18 on Wednesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $19.27 and a one year high of $22.58. The firm’s fifty day moving average price is $20.49 and its two-hundred day moving average price is $20.67.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 8th will be issued a dividend of $0.136 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 8.1%.

Cohen & Steers REIT and Preferred Income Fund Company Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.