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

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.29 and traded as high as $21.40. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $21.2950, with a volume of 71,164 shares changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Down 0.3%

The company has a 50 day moving average of $21.29 and a 200 day moving average of $21.41.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a dividend of $0.131 per share. The ex-dividend date of this dividend is Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 7.4%.

Hedge Funds Weigh In On Cohen & Steers Limited Duration Preferred and Income Fund

A number of hedge funds have recently bought and sold shares of LDP. Geneos Wealth Management Inc. lifted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 205.7% in the second quarter. Geneos Wealth Management Inc. now owns 1,507 shares of the company’s stock worth $32,000 after acquiring an additional 1,014 shares during the last quarter. Newbridge Financial Services Group Inc. bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth approximately $62,000. Vermillion Wealth Management Inc. boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 102.0% during the 3rd 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 period. Wealth Enhancement Advisory Services LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the 3rd quarter worth $204,000. Finally, Smith Asset Management Co. LLC acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter worth $220,000.

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.