Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.80 and traded as high as $21.31. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2450, with a volume of 62,221 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.1%

The business has a fifty day simple moving average of $20.80 and a two-hundred day simple moving average of $20.90.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.131 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 7.4%.

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

Several large investors have recently made changes to their positions in LDP. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $49,049,000 after purchasing an additional 2,305,718 shares in the last quarter. Invesco Ltd. lifted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 2.1% during the 3rd quarter. Invesco Ltd. now owns 451,782 shares of the company’s stock valued at $9,790,000 after acquiring an additional 9,177 shares during the period. Chicago Partners Investment Group LLC lifted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 3.6% during the 4th quarter. Chicago Partners Investment Group LLC now owns 448,940 shares of the company’s stock valued at $9,562,000 after acquiring an additional 15,767 shares during the period. Glaxis Capital Management LLC boosted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% during the 4th quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after acquiring an additional 57,800 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 5.7% during the 4th quarter. LPL Financial LLC now owns 147,190 shares of the company’s stock valued at $3,116,000 after acquiring an additional 7,872 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.