Shaker Financial Services LLC Has $1.40 Million Stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)

Shaker Financial Services LLC lowered its stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) by 24.5% in the third quarter, Holdings Channel reports. The fund owned 64,122 shares of the company’s stock after selling 20,805 shares during the quarter. Shaker Financial Services LLC’s holdings in Cohen & Steers Limited Duration Preferred and Income Fund were worth $1,395,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Carmichael Hill & Associates Inc. raised its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 2.0% in the 3rd quarter. Carmichael Hill & Associates Inc. now owns 55,564 shares of the company’s stock valued at $1,209,000 after buying an additional 1,106 shares during the last quarter. Creative Planning boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 6.8% during the 2nd quarter. Creative Planning now owns 21,400 shares of the company’s stock worth $426,000 after acquiring an additional 1,368 shares during the last quarter. Choreo LLC boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 5.6% during the 2nd quarter. Choreo LLC now owns 31,678 shares of the company’s stock worth $630,000 after acquiring an additional 1,687 shares during the last quarter. Lynx Investment Advisory bought a new stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 2nd quarter worth $39,000. Finally, Wolverine Asset Management LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter valued at about $76,000.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of Cohen & Steers Limited Duration Preferred and Income Fund stock opened at $21.04 on Thursday. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 52-week low of $17.18 and a 52-week high of $21.87. The stock’s 50-day simple moving average is $21.11 and its 200 day simple moving average is $20.25.

Cohen & Steers Limited Duration Preferred and Income Fund Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th were issued a dividend of $0.131 per share. This represents a yield of 7.25%. The ex-dividend date was Tuesday, October 15th.

Cohen & Steers Limited Duration Preferred and Income Fund Profile

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.