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) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $19.72 and traded as low as $18.53. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $18.65, with a volume of 107,587 shares.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The company’s 50-day simple moving average is $19.72 and its 200-day simple moving average is $20.41.

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

A number of large investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 1st quarter valued at about $533,000. Fifth Third Bancorp acquired a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the first quarter valued at about $637,000. Wealthcare Advisory Partners LLC grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 6.3% during the second quarter. Wealthcare Advisory Partners LLC now owns 42,709 shares of the company’s stock valued at $904,000 after acquiring an additional 2,538 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 29.0% during the first quarter. Cetera Investment Advisers now owns 25,694 shares of the company’s stock valued at $513,000 after acquiring an additional 5,781 shares in the last quarter. Finally, Oarsman Capital Inc. increased its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the second quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock worth $14,808,000 after acquiring an additional 16,581 shares during the last quarter.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Limited Duration Preferred and Income Fund (NYSE: LDP) is a closed-end investment company managed by Cohen & Steers Capital Management, Inc The fund seeks to provide a high level of current income while pursuing total return through investments in preferred securities and other income-producing investments.

LDP focuses on a limited-duration portfolio designed to reduce sensitivity to changes in interest rates compared with longer-duration fixed-income strategies. Its investments may include preferred stocks, corporate debt securities and other income-oriented securities issued by companies in the financial, utility, real estate and other sectors.

The fund invests in U.S.