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

Shares of Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $19.37 and traded as low as $19.10. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $19.2450, with a volume of 63,771 shares.

Cohen & Steers Limited Duration Preferred and Income Fund Trading Down 1.6%

The firm’s fifty day simple moving average is $19.30 and its 200 day simple moving average is $20.42.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oarsman Capital Inc. grew its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 2.9% during the 2nd quarter. Oarsman Capital Inc. now owns 588,572 shares of the company’s stock valued at $14,808,000 after buying an additional 16,581 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 4.9% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 491,612 shares of the company’s stock valued at $9,178,000 after acquiring an additional 22,839 shares during the last quarter. Glaxis Capital Management LLC boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1.2% during the 3rd quarter. Glaxis Capital Management LLC now owns 273,350 shares of the company’s stock valued at $5,287,000 after acquiring an additional 3,350 shares during the last quarter. Community Bank & Trust Waco Texas boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.4% during the 2nd quarter. Community Bank & Trust Waco Texas now owns 248,132 shares of the company’s stock valued at $6,243,000 after acquiring an additional 5,852 shares during the last quarter. Finally, Greatmark Investment Partners Inc. grew its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.4% in the third quarter. Greatmark Investment Partners Inc. now owns 169,025 shares of the company’s stock valued at $3,269,000 after purchasing an additional 750 shares in the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Limited Duration Preferred and Income Fund is a closed-end investment fund listed on the New York Stock Exchange under the symbol LDP. The fund is managed by Cohen & Steers Capital Management, an investment manager known for its focus on real assets and income-oriented strategies. The fund seeks to provide current income and total return by investing primarily in preferred securities and other income-producing investments. Its portfolio may include preferred stocks, corporate debt securities and other fixed-income instruments issued by companies in a range of industries and geographic regions.