Pettinga Financial Advisors LLC Purchases 40,612 Shares of Cohen & Steers Select Preferred and Income Fund, Inc. $PSF

Pettinga Financial Advisors LLC increased its position in Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) by 101.2% in the second quarter, Holdings Channel.com reports. The firm owned 80,759 shares of the company’s stock after acquiring an additional 40,612 shares during the period. Pettinga Financial Advisors LLC’s holdings in Cohen & Steers Select Preferred and Income Fund were worth $1,626,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Cohen & Steers Select Preferred and Income Fund by 12.6% during the 1st quarter. Royal Bank of Canada now owns 70,488 shares of the company’s stock valued at $1,409,000 after purchasing an additional 7,895 shares during the period. Invesco Ltd. grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 9.1% during the 2nd quarter. Invesco Ltd. now owns 190,660 shares of the company’s stock worth $3,840,000 after buying an additional 15,851 shares during the period. Raymond James Financial Inc. grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock worth $2,952,000 after buying an additional 2,591 shares during the period. Osaic Holdings Inc. grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.5% during the 2nd quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock worth $896,000 after buying an additional 1,094 shares during the period. Finally, US Bancorp DE raised its stake in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% during the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock worth $166,000 after buying an additional 4,911 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Stock Performance

Shares of NYSE PSF opened at $19.64 on Monday. The company’s 50 day simple moving average is $19.76 and its 200 day simple moving average is $19.89. Cohen & Steers Select Preferred and Income Fund, Inc. has a fifty-two week low of $18.95 and a fifty-two week high of $21.20.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.126 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 7.7%.

About Cohen & Steers Select Preferred and Income Fund

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.