Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Passes Below Fifty Day Moving Average – Should You Sell?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shares crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $20.05 and traded as low as $19.94. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.00, with a volume of 25,113 shares.

Cohen & Steers Select Preferred and Income Fund Trading Up 0.4 %

The business’s 50-day simple moving average is $20.05 and its 200-day simple moving average is $20.32.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th will be issued a dividend of $0.126 per share. The ex-dividend date is Tuesday, January 14th. This represents a dividend yield of 7.73%.

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Daymark Wealth Partners LLC grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 25.4% during the third quarter. Daymark Wealth Partners LLC now owns 24,700 shares of the company’s stock worth $530,000 after buying an additional 5,000 shares in the last quarter. WealthBridge Capital Management LLC grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 74.6% during the third quarter. WealthBridge Capital Management LLC now owns 25,860 shares of the company’s stock worth $554,000 after buying an additional 11,050 shares in the last quarter. Raymond James & Associates grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 17.6% during the third quarter. Raymond James & Associates now owns 124,939 shares of the company’s stock worth $2,679,000 after buying an additional 18,688 shares in the last quarter. Finally, Shaker Financial Services LLC grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 118.4% during the third quarter. Shaker Financial Services LLC now owns 81,753 shares of the company’s stock worth $1,753,000 after buying an additional 44,327 shares in the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.