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

Shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 traded.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The stock has a 50 day moving average price of $21.29 and a two-hundred day moving average price of $21.41.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

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

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

A number of large investors have recently modified their holdings of the company. Financial Security Advisor Inc. bought a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at $286,000. Northwestern Mutual Wealth Management Co. lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 20,581.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,316,921 shares of the company’s stock valued at $49,049,000 after acquiring an additional 2,305,718 shares in the last quarter. WJ Financial Advisors LLC boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 1.2% during the 4th quarter. WJ Financial Advisors LLC now owns 53,364 shares of the company’s stock valued at $1,130,000 after purchasing an additional 650 shares during the last quarter. Rareview Capital LLC increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 9.5% during the 4th quarter. Rareview Capital LLC now owns 109,848 shares of the company’s stock worth $2,305,000 after purchasing an additional 9,568 shares in the last quarter. Finally, Kestra Private Wealth Services LLC grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 11.6% in the 4th quarter. Kestra Private Wealth Services LLC now owns 20,347 shares of the company’s stock worth $431,000 after acquiring an additional 2,118 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.