Modern Wealth Management LLC Invests $301,000 in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Modern Wealth Management LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 13,720 shares of the investment management company’s stock, valued at approximately $301,000.

Several other institutional investors also recently made changes to their positions in RNP. Spire Wealth Management bought a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth about $123,000. Geneos Wealth Management Inc. acquired a new position in shares of Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth $195,000. Monterey Private Wealth Inc. purchased a new position in Cohen & Steers REIT and Preferred Income Fund in the 4th quarter worth about $207,000. D.A. Davidson & CO. increased its position in shares of Cohen & Steers REIT and Preferred Income Fund by 12.3% in the fourth quarter. D.A. Davidson & CO. now owns 10,254 shares of the investment management company’s stock worth $214,000 after acquiring an additional 1,125 shares in the last quarter. Finally, one8zero8 LLC purchased a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth approximately $230,000.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP opened at $21.81 on Friday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $18.77 and a 1-year high of $24.41. The business’s fifty day moving average price is $21.74 and its 200 day moving average price is $22.27.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were paid a $0.136 dividend. This represents a yield of 8.01%. The ex-dividend date 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.