JP Wealth Management Inc. Buys Shares of 248,458 Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

JP Wealth Management Inc. purchased a new position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 248,458 shares of the investment management company’s stock, valued at approximately $5,193,000. Cohen & Steers REIT and Preferred Income Fund makes up about 3.8% of JP Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in RNP. Spire Wealth Management acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund during the fourth quarter worth $123,000. Geneos Wealth Management Inc. acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter valued at about $195,000. Monterey Private Wealth Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the fourth quarter valued at about $207,000. Annex Advisory Services LLC acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $209,000. Finally, D.A. Davidson & CO. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the third quarter worth about $216,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $21.69 on Tuesday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $18.77 and a 52-week high of $24.41. The business’s 50 day simple moving average is $21.53 and its 200 day simple moving average is $22.40.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 15th were given a $0.136 dividend. This represents a dividend yield of 8.01%. The ex-dividend date of this dividend was Tuesday, January 14th. This is a positive change from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12.

About Cohen & Steers REIT and Preferred Income Fund

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.