Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Share Price Passes Above 50 Day Moving Average – Here’s Why

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.66 and traded as high as $22.05. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.9820, with a volume of 86,832 shares.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The business has a 50-day moving average price of $21.66 and a 200-day moving average price of $21.12.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a $0.131 dividend. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Tuesday, December 9th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Envestnet Asset Management Inc. increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 9.5% during the first quarter. Envestnet Asset Management Inc. now owns 178,626 shares of the company’s stock worth $3,637,000 after purchasing an additional 15,493 shares during the last quarter. Pettinga Financial Advisors LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter valued at about $211,000. Choreo LLC increased its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1.4% during the 1st quarter. Choreo LLC now owns 43,436 shares of the company’s stock worth $884,000 after buying an additional 584 shares during the last quarter. Garrison Bradford & Associates Inc. acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 1st quarter worth approximately $143,000. Finally, Glaxis Capital Management LLC raised its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 7.1% during the 1st quarter. Glaxis Capital Management LLC now owns 150,000 shares of the company’s stock valued at $3,054,000 after buying an additional 10,000 shares during the period.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.