Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Share Price Passes Below 50-Day Moving Average – What’s Next?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $21.31 and traded as low as $21.21. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.3050, with a volume of 101,486 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 0.3%

The business has a 50 day simple moving average of $21.31 and a 200-day simple moving average of $21.43.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.131 per share. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a yield of 7.4%.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 19.2% during the second quarter. Envestnet Asset Management Inc. now owns 212,897 shares of the company’s stock worth $4,467,000 after buying an additional 34,271 shares during the last quarter. Rareview Capital LLC increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 49.9% in the 2nd quarter. Rareview Capital LLC now owns 88,694 shares of the company’s stock valued at $1,861,000 after purchasing an additional 29,530 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% during the 2nd quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock worth $383,000 after buying an additional 587 shares during the last quarter. Glaxis Capital Management LLC boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.3% in the 2nd quarter. Glaxis Capital Management LLC now owns 158,000 shares of the company’s stock worth $3,315,000 after buying an additional 8,000 shares in the last quarter. Finally, Rockefeller Capital Management L.P. lifted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 4.3% in the second quarter. Rockefeller Capital Management L.P. now owns 52,823 shares of the company’s stock valued at $1,108,000 after purchasing an additional 2,195 shares in the last quarter.

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.