Platt Wealth Management LLC Buys New Shares in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. $LDP

Platt Wealth Management LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 83,256 shares of the company’s stock, valued at approximately $1,762,000. Cohen & Steers Limited Duration Preferred and Income Fund comprises about 1.7% of Platt Wealth Management LLC’s portfolio, making the stock its 17th biggest position.

A number of other institutional investors have also added to or reduced their stakes in LDP. Geneos Wealth Management Inc. increased its stake 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 valued at $32,000 after acquiring an additional 1,014 shares during the last quarter. Global Retirement Partners LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at $34,000. Wealth Enhancement Advisory Services LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at $204,000. Smith Asset Management Co. LLC bought a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at $220,000. Finally, Creative Planning increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 5.9% in the third quarter. Creative Planning now owns 12,070 shares of the company’s stock valued at $262,000 after acquiring an additional 670 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

LDP opened at $20.39 on Friday. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 52 week low of $19.35 and a 52 week high of $22.05. The business’s fifty day simple moving average is $20.55 and its 200 day simple moving average is $21.03.

Cohen & Steers Limited Duration Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a dividend of $0.131 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date of this dividend is Tuesday, June 9th.

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.