Institute for Wealth Management LLC. Invests $151,000 in COHEN & STEERS (RFI)
Institute for Wealth Management LLC. acquired a new position in shares of COHEN & STEERS (NYSE:RFI) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,092 shares of the real estate investment trust’s stock, valued at approximately $151,000.
Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in COHEN & STEERS by 68.0% in the 2nd quarter. Wells Fargo & Company MN now owns 346,179 shares of the real estate investment trust’s stock valued at $4,355,000 after purchasing an additional 140,126 shares during the last quarter. Laurion Capital Management LP purchased a new stake in COHEN & STEERS in the second quarter valued at approximately $803,000. Advisor Group Inc. raised its position in COHEN & STEERS by 15.8% in the second quarter. Advisor Group Inc. now owns 133,981 shares of the real estate investment trust’s stock valued at $1,685,000 after purchasing an additional 18,328 shares during the period. MML Investors Services LLC raised its position in COHEN & STEERS by 59.5% in the second quarter. MML Investors Services LLC now owns 36,203 shares of the real estate investment trust’s stock valued at $455,000 after purchasing an additional 13,503 shares during the period. Finally, Doliver Capital Advisors LP purchased a new stake in COHEN & STEERS in the second quarter valued at approximately $139,000. 9.66% of the stock is owned by hedge funds and other institutional investors.
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COHEN & STEERS (NYSE RFI) traded up 0.2991% on Wednesday, reaching $12.5073. The company’s stock had a trading volume of 7,944 shares. COHEN & STEERS has a 52 week low of $11.63 and a 52 week high of $13.03. The firm has a 50 day moving average price of $12.60 and a 200 day moving average price of $12.60.
The firm also recently declared a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, December 20th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Tuesday, December 19th.
COHEN & STEERS Company Profile
Cohen & Steers Total Return Realty Fund, Inc (the Fund) is a diversified, closed-end management investment company. The investment objective of the Fund is to achieve a high total return through investment in real estate securities. Real estate securities include common stocks, preferred stocks and other equity securities of any market capitalization issued by real estate companies, including real estate investment trusts (REITs) and similar REIT-like entities.
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