Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) passed 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 changing hands.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

The firm’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 announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.131 per share. This represents a $1.57 dividend on an annualized basis and a yield of 7.72%. The ex-dividend date of this dividend is Tuesday, March 11th.

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

Institutional investors have recently made changes to their positions in the stock. Synovus Financial Corp raised its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 0.4% in the 3rd quarter. Synovus Financial Corp now owns 164,008 shares of the company’s stock valued at $3,567,000 after purchasing an additional 590 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the third quarter worth about $326,000. Glaxis Capital Management LLC lifted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 13.3% during the third quarter. Glaxis Capital Management LLC now owns 128,000 shares of the company’s stock valued at $2,784,000 after buying an additional 15,000 shares during the period. Prospera Financial Services Inc boosted its position in Cohen & Steers Limited Duration Preferred and Income Fund by 4.4% during the third quarter. Prospera Financial Services Inc now owns 16,076 shares of the company’s stock worth $350,000 after acquiring an additional 676 shares during the last quarter. Finally, Caprock Group LLC purchased a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 3rd quarter worth approximately $327,000.

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.