Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Shares Pass Below Fifty Day Moving Average – What’s Next?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shares passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.17 and traded as low as $20.06. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.17, with a volume of 15,467 shares traded.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.1 %

The firm has a 50 day moving average of $20.17 and a two-hundred day moving average of $20.36.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

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

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

Several institutional investors and hedge funds have recently made changes to their positions in PSF. Baldwin Wealth Partners LLC MA increased its holdings in Cohen & Steers Select Preferred and Income Fund by 14.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 171,734 shares of the company’s stock valued at $3,395,000 after acquiring an additional 21,420 shares in the last quarter. Kestra Private Wealth Services LLC grew its position in shares of Cohen & Steers Select Preferred and Income Fund by 13.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 81,673 shares of the company’s stock valued at $1,615,000 after purchasing an additional 9,796 shares during the last quarter. WealthBridge Capital Management LLC increased its stake in shares of Cohen & Steers Select Preferred and Income Fund by 4.8% during the 4th quarter. WealthBridge Capital Management LLC now owns 27,110 shares of the company’s stock worth $536,000 after purchasing an additional 1,250 shares in the last quarter. Wolverine Asset Management LLC acquired a new position in shares of Cohen & Steers Select Preferred and Income Fund during the 4th quarter worth approximately $283,000. Finally, Noble Wealth Management PBC purchased a new stake in Cohen & Steers Select Preferred and Income Fund in the 4th quarter valued at approximately $255,000.

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.