Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Shares Pass Above 50 Day Moving Average – Should You Sell?

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 Trading Up 0.8%

The business’s fifty day moving average price is $21.66 and its 200 day moving average price is $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. Investors of record on Tuesday, December 9th will be issued a $0.131 dividend. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date is Tuesday, December 9th.

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

Large investors have recently bought and sold shares of the stock. Geneos Wealth Management Inc. grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock valued at $32,000 after buying an additional 1,014 shares during the period. Elequin Capital LP boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 160.5% in the first quarter. Elequin Capital LP now owns 2,193 shares of the company’s stock valued at $45,000 after acquiring an additional 1,351 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the second quarter valued at $62,000. Vermillion Wealth Management Inc. grew its position in Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% during the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock valued at $76,000 after acquiring an additional 1,771 shares during the period. Finally, Garrison Bradford & Associates Inc. acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the first quarter worth about $143,000.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.