Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Shares Up 1% – Here’s What Happened

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shot up 1% during mid-day trading on Monday. The stock traded as high as $19.22 and last traded at $19.1950. 34,287 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 45,983 shares. The stock had previously closed at $19.01.

Cohen & Steers Select Preferred and Income Fund Stock Up 1.0%

The business has a 50 day simple moving average of $18.52 and a 200-day simple moving average of $19.50.

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

Several large investors have recently made changes to their positions in PSF. Sanctuary Advisors LLC raised its stake in shares of Cohen & Steers Select Preferred and Income Fund by 5.0% in the 1st quarter. Sanctuary Advisors LLC now owns 91,883 shares of the company’s stock valued at $1,782,000 after purchasing an additional 4,340 shares during the period. Pettinga Financial Advisors LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 101.2% in the second quarter. Pettinga Financial Advisors LLC now owns 80,759 shares of the company’s stock worth $1,626,000 after purchasing an additional 40,612 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 25.1% in the first quarter. Royal Bank of Canada now owns 74,755 shares of the company’s stock worth $1,449,000 after purchasing an additional 15,019 shares in the last quarter. Glaxis Capital Management LLC grew its position in Cohen & Steers Select Preferred and Income Fund by 10.0% in the third quarter. Glaxis Capital Management LLC now owns 55,000 shares of the company’s stock valued at $998,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 1.6% in the 1st quarter. Kestra Advisory Services LLC now owns 38,261 shares of the company’s stock valued at $742,000 after buying an additional 600 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company advised by Cohen & Steers Capital Management. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective.

PSF invests primarily in preferred securities, including preferred stocks and other securities with income-oriented characteristics. The portfolio may also include income-producing securities issued by companies and financial institutions, as well as securities issued by entities outside the United States.

Cohen & Steers is an investment manager specializing in real assets and income-oriented strategies, including preferred securities.