Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Crosses Below 50 Day Moving Average – Here’s Why

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $19.37 and traded as low as $19.10. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $19.2450, with a volume of 63,771 shares traded.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The firm has a 50-day moving average of $19.37 and a two-hundred day moving average of $20.44.

Hedge Funds Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Readystate Asset Management LP acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter worth $533,000. Fifth Third Bancorp bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter valued at about $637,000. Compass Financial Management LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 2nd quarter worth approximately $67,000. Independent Wealth Network Inc. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 8.1% in the 3rd quarter. Independent Wealth Network Inc. now owns 39,333 shares of the company’s stock valued at $761,000 after buying an additional 2,938 shares during the period. Finally, LexAurum Advisors LLC increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 21.7% in the third quarter. LexAurum Advisors LLC now owns 30,374 shares of the company’s stock worth $587,000 after acquiring an additional 5,410 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund is managed by Cohen & Steers Capital Management, an investment manager known for its focus on real assets and income-oriented strategies. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments. Its portfolio may include preferred stocks, corporate debt securities and other fixed-income instruments issued by companies in a range of industries and geographic regions.