Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.11 and traded as low as $19.37. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.7450, with a volume of 36,093 shares changing hands.

Cohen & Steers Select Preferred and Income Fund Price Performance

The stock’s fifty day moving average price is $20.09 and its two-hundred day moving average price is $20.40.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a $0.126 dividend. The ex-dividend date is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 7.7%.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

A number of institutional investors have recently bought and sold shares of PSF. Gridiron Partners LLC increased its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 12,990.5% in the 3rd quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock valued at $1,096,000 after acquiring an additional 5,234,520 shares during the last quarter. Fiera Capital Corp purchased a new stake in Cohen & Steers Select Preferred and Income Fund during the third quarter worth approximately $1,179,000. Glaxis Capital Management LLC acquired a new position in Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at approximately $913,000. Guggenheim Capital LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 18.0% in the second quarter. Guggenheim Capital LLC now owns 293,623 shares of the company’s stock valued at $5,914,000 after purchasing an additional 44,708 shares during the last quarter. Finally, Sanctuary Advisors LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 94.3% in the fourth quarter. Sanctuary Advisors LLC now owns 87,543 shares of the company’s stock valued at $1,775,000 after purchasing an additional 42,484 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.