Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) shares passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.29 and traded as high as $21.40. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2950, with a volume of 71,164 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The firm’s fifty day moving average is $21.29 and its two-hundred day moving average is $21.41.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.131 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend is Tuesday, March 10th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after purchasing an additional 1,014 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter valued at approximately $62,000. Vermillion Wealth Management Inc. boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% during the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock worth $76,000 after buying an additional 1,771 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter worth approximately $204,000. Finally, Smith Asset Management Co. LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter worth approximately $220,000.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.