Cohen & Steers Limited Duration Preferred and Income Fund (NYSE:LDP) Shares Pass Above 50 Day Moving Average of $19.94

Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $19.94 and traded as high as $20.38. Cohen & Steers Limited Duration Preferred and Income Fund shares last traded at $20.37, with a volume of 73,568 shares traded.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Up 0.6 %

The firm’s 50-day simple moving average is $19.94 and its 200-day simple moving average is $19.78.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 10th will be given 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 is Tuesday, September 10th.

Institutional Trading of Cohen & Steers Limited Duration Preferred and Income Fund

Institutional investors and hedge funds have recently modified their holdings of the company. Creative Planning increased its stake in Cohen & Steers Limited Duration Preferred and Income Fund by 6.8% in the second quarter. Creative Planning now owns 21,400 shares of the company’s stock valued at $426,000 after acquiring an additional 1,368 shares during the period. Choreo LLC boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 5.6% during the second quarter. Choreo LLC now owns 31,678 shares of the company’s stock valued at $630,000 after purchasing an additional 1,687 shares in the last quarter. Comerica Bank grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 2.8% in the 4th quarter. Comerica Bank now owns 62,418 shares of the company’s stock valued at $1,150,000 after purchasing an additional 1,703 shares during the period. Lynx Investment Advisory acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth approximately $39,000. Finally, Chicago Partners Investment Group LLC lifted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 0.8% during the 1st quarter. Chicago Partners Investment Group LLC now owns 448,777 shares of the company’s stock worth $8,679,000 after buying an additional 3,352 shares during the period.

About Cohen & Steers Limited Duration Preferred and Income Fund

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.