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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.66 and traded as low as $19.58. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.6660, with a volume of 51,437 shares trading hands.

Cohen & Steers Select Preferred and Income Fund Stock Down 0.0%

The stock’s 50 day moving average is $19.66 and its two-hundred day moving average is $20.08.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.126 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Integrated Wealth Concepts LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 5.4% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock worth $219,000 after purchasing an additional 543 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 1.6% in the 1st quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock worth $742,000 after purchasing an additional 600 shares in the last quarter. Truist Financial Corp raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.1% during the 4th quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock valued at $672,000 after buying an additional 686 shares during the period. Arlington Capital Management Inc. raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% during the 4th quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after buying an additional 703 shares during the period. Finally, Osaic Holdings Inc. raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% during the 2nd quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock valued at $896,000 after buying an additional 1,094 shares during the period.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.