Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Passes Below 200-Day Moving Average – Time to Sell?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.35 and traded as low as $20.06. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.17, with a volume of 22,364 shares traded.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.7 %

The company’s 50-day simple moving average is $20.03 and its 200-day simple moving average is $20.35.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.126 per share. This represents a yield of 7.73%. The ex-dividend date of this dividend was Tuesday, January 14th.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

Several institutional investors and hedge funds have recently added to or reduced their stakes in PSF. Noble Wealth Management PBC bought a new stake in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth $255,000. Wolverine Asset Management LLC bought a new stake in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth $283,000. WealthBridge Capital Management LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 4.8% in the fourth quarter. WealthBridge Capital Management LLC now owns 27,110 shares of the company’s stock valued at $536,000 after purchasing an additional 1,250 shares during the period. LPL Financial LLC lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 2.0% during the 4th quarter. LPL Financial LLC now owns 67,372 shares of the company’s stock worth $1,332,000 after buying an additional 1,326 shares during the last quarter. Finally, Kestra Private Wealth Services LLC lifted its stake in shares of Cohen & Steers Select Preferred and Income Fund by 13.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 81,673 shares of the company’s stock worth $1,615,000 after buying an additional 9,796 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.