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

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $20.73 and traded as low as $20.52. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.60, with a volume of 43,920 shares changing hands.

Cohen & Steers Select Preferred and Income Fund Stock Performance

The firm has a 50-day moving average price of $20.73 and a 200-day moving average price of $19.94.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Thursday, October 31st. Stockholders of record on Wednesday, October 16th will be given a dividend of $0.126 per share. This represents a dividend yield of 7.24%. The ex-dividend date of this dividend is Tuesday, October 15th.

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

Several hedge funds have recently modified their holdings of the company. Baldwin Brothers LLC MA increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 11.2% during the 2nd quarter. Baldwin Brothers LLC MA now owns 145,755 shares of the company’s stock valued at $2,883,000 after purchasing an additional 14,688 shares during the period. Raymond James & Associates grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 17.6% in the 3rd quarter. Raymond James & Associates now owns 124,939 shares of the company’s stock worth $2,679,000 after acquiring an additional 18,688 shares during the last quarter. WealthBridge Capital Management LLC grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 74.6% in the 3rd quarter. WealthBridge Capital Management LLC now owns 25,860 shares of the company’s stock worth $554,000 after acquiring an additional 11,050 shares during the last quarter. Finally, Daymark Wealth Partners LLC grew its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 25.4% in the 3rd quarter. Daymark Wealth Partners LLC now owns 24,700 shares of the company’s stock worth $530,000 after acquiring an additional 5,000 shares during 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.