AdvisorNet Financial Inc raised its holdings in shares of Cohen & Steers Reit and Preferred Income Fund Inc (NYSE:RNP) by 3,211.9% during the first quarter, HoldingsChannel.com reports. The firm owned 29,807 shares of the investment management company’s stock after purchasing an additional 28,907 shares during the period. AdvisorNet Financial Inc’s holdings in Cohen & Steers Reit and Preferred Income Fund were worth $557,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. LPL Financial LLC increased its position in Cohen & Steers Reit and Preferred Income Fund by 2.3% during the 4th quarter. LPL Financial LLC now owns 197,180 shares of the investment management company’s stock valued at $4,194,000 after purchasing an additional 4,432 shares during the period. BB&T Securities LLC increased its position in Cohen & Steers Reit and Preferred Income Fund by 10.7% during the 4th quarter. BB&T Securities LLC now owns 49,879 shares of the investment management company’s stock valued at $1,060,000 after purchasing an additional 4,809 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Cohen & Steers Reit and Preferred Income Fund by 4.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 126,380 shares of the investment management company’s stock worth $2,688,000 after buying an additional 4,977 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Cohen & Steers Reit and Preferred Income Fund in the 4th quarter worth approximately $123,000. Finally, We Are One Seven LLC purchased a new position in shares of Cohen & Steers Reit and Preferred Income Fund in the 4th quarter worth approximately $139,000.

Shares of Cohen & Steers Reit and Preferred Income Fund stock opened at $18.44 on Thursday. Cohen & Steers Reit and Preferred Income Fund Inc has a 52-week low of $18.49 and a 52-week high of $18.58.

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 29th. Stockholders of record on Wednesday, June 20th will be given a $0.124 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend is Tuesday, June 19th.

About Cohen & Steers Reit and Preferred Income Fund

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.

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Institutional Ownership by Quarter for Cohen & Steers Reit and Preferred Income Fund (NYSE:RNP)

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