Koshinski Asset Management Inc. Lowers Stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Koshinski Asset Management Inc. trimmed its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 13.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 75,018 shares of the investment management company’s stock after selling 11,596 shares during the period. Koshinski Asset Management Inc.’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $1,578,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in RNP. International Assets Investment Management LLC lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 1,678.5% during the fourth quarter. International Assets Investment Management LLC now owns 279,075 shares of the investment management company’s stock worth $5,626,000 after purchasing an additional 263,383 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 18.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 264,157 shares of the investment management company’s stock valued at $5,325,000 after acquiring an additional 40,861 shares in the last quarter. Consolidated Portfolio Review Corp acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the first quarter worth about $360,000. Private Trust Co. NA raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 10.4% during the fourth quarter. Private Trust Co. NA now owns 7,969 shares of the investment management company’s stock worth $161,000 after purchasing an additional 750 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Cohen & Steers REIT and Preferred Income Fund by 8.1% during the fourth quarter. Wells Fargo & Company MN now owns 427,104 shares of the investment management company’s stock worth $8,610,000 after purchasing an additional 31,939 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Price Performance

RNP traded up $0.02 during trading on Thursday, reaching $21.58. The company’s stock had a trading volume of 36,809 shares, compared to its average volume of 108,361. The company’s fifty day moving average price is $20.40 and its 200-day moving average price is $20.29. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $15.52 and a 52-week high of $21.74.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be paid a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 7.56%.

Cohen & Steers REIT and Preferred Income Fund Profile

Cohen & Steers REIT and Preferred Income Fund, Inc is a closed-ended balanced mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in the stocks of companies operating in the real estate sector including real estate investment trusts.