Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Shares Cross Below 50-Day Moving Average – Time to Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $20.76 and traded as low as $20.41. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.44, with a volume of 56,699 shares trading hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The business has a 50 day moving average price of $20.76 and a 200 day moving average price of $20.72.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

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 issued a dividend of $0.131 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Glaxis Capital Management LLC lifted 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 buying an additional 57,800 shares in the last quarter. Platt Wealth Management LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth about $1,762,000. Readystate Asset Management LP bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter worth about $533,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock worth $49,049,000 after acquiring an additional 2,305,718 shares during the period. Finally, Fifth Third Bancorp purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the first quarter worth approximately $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.