Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Share Price Breaks Below 50 Day Moving Average – Time to Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $20.13 and traded as low as $18.99. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $19.09, with a volume of 109,199 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 1.4%

The stock has a 50-day moving average of $20.09 and a 200 day moving average of $20.50.

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

Large investors have recently bought and sold shares of the business. Oarsman Capital Inc. raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the 2nd quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock valued at $14,808,000 after acquiring an additional 16,581 shares during the last quarter. Community Bank & Trust Waco Texas grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% during the second quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock worth $6,243,000 after purchasing an additional 5,852 shares during the period. Glaxis Capital Management LLC increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 33.2% in the fourth quarter. Glaxis Capital Management LLC now owns 231,800 shares of the company’s stock valued at $4,907,000 after purchasing an additional 57,800 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 8.1% in the second quarter. Envestnet Asset Management Inc. now owns 147,592 shares of the company’s stock valued at $3,123,000 after purchasing an additional 11,035 shares during the last quarter. Finally, Rareview Capital LLC lifted its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 9.7% in the second quarter. Rareview Capital LLC now owns 145,557 shares of the company’s stock valued at $3,054,000 after buying an additional 12,854 shares during the period.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund seeks to provide a high level of current income while also pursuing capital appreciation through a portfolio focused on preferred securities and other income-producing investments.

The fund invests across a range of preferred stocks, corporate debt securities, and other fixed-income instruments. Its limited-duration strategy is designed to help manage sensitivity to changes in interest rates, while its portfolio may include securities issued by companies in financial services, utilities, telecommunications, real estate, and other industries.

LDP is managed by Cohen & Steers Capital Management, an investment adviser specializing in real assets and income-oriented strategies.