XML Financial LLC Has $8.28 Million Stock Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

XML Financial LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 20.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 417,040 shares of the investment management company’s stock after purchasing an additional 70,824 shares during the quarter. XML Financial LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $8,282,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. WealthBridge Capital Management LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 2.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 22,450 shares of the investment management company’s stock worth $505,000 after purchasing an additional 500 shares in the last quarter. Fifth Third Bancorp increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 10.1% during the 3rd quarter. Fifth Third Bancorp now owns 9,913 shares of the investment management company’s stock worth $223,000 after purchasing an additional 913 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 8.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 14,934 shares of the investment management company’s stock worth $336,000 after purchasing an additional 1,145 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 14.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 10,693 shares of the investment management company’s stock worth $212,000 after purchasing an additional 1,347 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 9.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 20,716 shares of the investment management company’s stock worth $419,000 after purchasing an additional 1,850 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Trading Up 0.3%

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $20.97 on Friday. The company has a 50-day simple moving average of $20.67 and a 200 day simple moving average of $20.53. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12-month low of $19.27 and a 12-month high of $22.99.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a dividend of $0.136 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers® REIT and Preferred Income Fund, Inc (NYSE: RNP) is a closed-end management investment company that seeks to provide current income and, to a lesser extent, capital appreciation. The Fund pursues its objectives by investing primarily in equity real estate investment trusts (REITs) and preferred securities issued by U.S. and non-U.S. real estate companies. It employs a research-driven, bottom-up selection process to identify securities that offer attractive income yields while seeking to manage downside risk through diversification across sectors and geographies.

In its equity portfolio, the Fund typically holds shares of publicly traded REITs spanning property types such as industrial, office, retail, residential and specialty real estate.