Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $20.34 and traded as low as $20.27. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.31, with a volume of 28,802 shares trading hands.

Cohen & Steers Select Preferred and Income Fund Stock Down 0.7%

The company has a fifty day moving average price of $20.34 and a 200 day moving average price of $20.51.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

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 paid a $0.126 dividend. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Tuesday, March 10th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PSF. Farther Finance Advisors LLC increased its stake in shares of Cohen & Steers Select Preferred and Income Fund by 32.0% in the second quarter. Farther Finance Advisors LLC now owns 2,501 shares of the company’s stock worth $50,000 after buying an additional 606 shares during the period. Ameriflex Group Inc. bought a new stake in Cohen & Steers Select Preferred and Income Fund in the 3rd quarter worth $152,000. US Bancorp DE increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% in the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after acquiring an additional 4,911 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% during the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after acquiring an additional 543 shares during the last quarter. Finally, Arlington Capital Management Inc. bought a new position in shares of Cohen & Steers Select Preferred and Income Fund during the second quarter valued at about $216,000.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.