Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Shares Cross Below 50-Day Moving Average – Here’s What Happened

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $21.39 and traded as low as $21.10. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.12, with a volume of 71,385 shares.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The firm has a fifty day moving average of $21.39 and a 200-day moving average of $21.34.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.131 dividend. The ex-dividend date is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 3.3% during the second quarter. Cetera Investment Advisers now owns 18,267 shares of the company’s stock worth $383,000 after purchasing an additional 587 shares in the last quarter. MAI Capital Management increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 1.1% during the 3rd quarter. MAI Capital Management now owns 58,194 shares of the company’s stock worth $1,261,000 after buying an additional 631 shares during the period. Creative Planning increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% during the 3rd quarter. Creative Planning now owns 12,070 shares of the company’s stock worth $262,000 after buying an additional 670 shares during the period. Baird Financial Group Inc. boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 0.5% in the 2nd quarter. Baird Financial Group Inc. now owns 142,096 shares of the company’s stock valued at $2,981,000 after buying an additional 761 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after acquiring an additional 1,014 shares in 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.