Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $21.27 and traded as low as $20.53. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.63, with a volume of 66,092 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

The company has a 50 day simple moving average of $21.24 and a 200-day simple moving average of $21.39.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a $0.131 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Tuesday, March 10th.

Hedge Funds 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 LDP. Geneos Wealth Management Inc. boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% during the second 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. Global Retirement Partners LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the 4th quarter valued at about $34,000. Newbridge Financial Services Group Inc. bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 2nd quarter worth approximately $62,000. Litman Gregory Wealth Management LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 4th quarter worth approximately $64,000. Finally, Vermillion Wealth Management Inc. lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% in the third quarter. Vermillion Wealth Management Inc. now owns 3,508 shares of the company’s stock valued at $76,000 after purchasing an additional 1,771 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund, Inc (NYSE: LDP) is a closed-end management investment company that seeks to provide investors with current income while managing interest-rate sensitivity. The fund primarily invests in a diversified portfolio of preferred securities and other income-producing instruments, combining yield potential with a strategy tailored to limit fluctuations in response to changing interest-rate environments.

Its investment approach focuses on preferred and hybrid securities issued by corporations across sectors such as financial institutions, utilities, real estate investment trusts (REITs) and other industries.