Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $20.84 and traded as low as $20.12. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.37, with a volume of 48,027 shares trading hands.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Up 0.5 %

The stock’s 50 day moving average price is $20.84 and its 200 day moving average price is $20.62.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.131 per share. The ex-dividend date is Tuesday, March 11th. This represents a $1.57 annualized dividend and a dividend yield of 7.72%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter worth about $6,994,000. Raymond James & Associates grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1,096.5% during the 3rd quarter. Raymond James & Associates now owns 373,297 shares of the company’s stock worth $8,119,000 after purchasing an additional 342,097 shares during the period. Oppenheimer & Co. Inc. increased its position in Cohen & Steers Limited Duration Preferred and Income Fund by 66.2% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 64,290 shares of the company’s stock worth $1,398,000 after purchasing an additional 25,604 shares in the last quarter. Capital Investment Advisors LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at approximately $396,000. Finally, Envestnet Asset Management Inc. lifted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 12.3% during the second quarter. Envestnet Asset Management Inc. now owns 154,351 shares of the company’s stock valued at $3,072,000 after buying an additional 16,964 shares in the last quarter.

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.