Koshinski Asset Management Inc. Reduces Stake in Cohen & Steers Reit & Pfd Icm Fd Inc (NYSE:RNP)

Koshinski Asset Management Inc. trimmed its position in shares of Cohen & Steers Reit & Pfd Icm Fd Inc (NYSE:RNP) by 2.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 31,594 shares of the investment management company’s stock after selling 766 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Cohen & Steers Reit & Pfd Icm Fd were worth $604,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RNP. Ellis Investment Partners LLC raised its position in shares of Cohen & Steers Reit & Pfd Icm Fd by 13.9% during the 2nd quarter. Ellis Investment Partners LLC now owns 581,244 shares of the investment management company’s stock worth $11,316,000 after purchasing an additional 70,717 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Cohen & Steers Reit & Pfd Icm Fd by 70.9% in the first quarter. Invesco Ltd. now owns 36,873 shares of the investment management company’s stock worth $594,000 after acquiring an additional 15,302 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in shares of Cohen & Steers Reit & Pfd Icm Fd in the second quarter valued at $671,000. Advisor Group Holdings Inc. acquired a new stake in shares of Cohen & Steers Reit & Pfd Icm Fd during the first quarter valued at $1,785,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in Cohen & Steers Reit & Pfd Icm Fd by 2.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 183,185 shares of the investment management company’s stock worth $3,503,000 after purchasing an additional 4,037 shares in the last quarter.

NYSE:RNP opened at $19.68 on Friday. Cohen & Steers Reit & Pfd Icm Fd Inc has a 12-month low of $10.15 and a 12-month high of $25.35. The company’s 50-day moving average is $19.19 and its two-hundred day moving average is $19.76.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a $0.124 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 7.56%. The ex-dividend date of this dividend is Tuesday, September 15th.

About Cohen & Steers Reit & Pfd Icm Fd

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.

Further Reading: Is a Roth IRA right for you?

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Institutional Ownership by Quarter for Cohen & Steers Reit & Pfd Icm Fd (NYSE:RNP)

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