Glaxis Capital Management LLC Makes New $913,000 Investment in Cohen & Steers Select Preferred and Income Fund, Inc. $PSF

Glaxis Capital Management LLC bought a new position in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 45,000 shares of the company’s stock, valued at approximately $913,000. Cohen & Steers Select Preferred and Income Fund makes up approximately 1.5% of Glaxis Capital Management LLC’s portfolio, making the stock its 15th biggest holding.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. bought a new stake in Cohen & Steers Select Preferred and Income Fund in the third quarter worth $152,000. US Bancorp DE lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% during the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after purchasing an additional 4,911 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings 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 purchasing an additional 543 shares in the last quarter. Arlington Capital Management Inc. lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% during the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock valued at $229,000 after purchasing an additional 703 shares in the last quarter. Finally, Comerica Bank lifted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 70.0% during the fourth quarter. Comerica Bank now owns 12,219 shares of the company’s stock valued at $248,000 after purchasing an additional 5,033 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.2%

Shares of NYSE:PSF opened at $19.49 on Friday. Cohen & Steers Select Preferred and Income Fund, Inc. has a 1 year low of $18.95 and a 1 year high of $21.20. The stock’s fifty day moving average price is $19.70 and its 200-day moving average price is $20.04.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.126 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Tuesday, June 9th.

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.