Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Passes Below 50 Day Moving Average – What’s Next?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF)’s stock price crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty 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 trading hands.

Cohen & Steers Select Preferred and Income Fund Stock Performance

The company’s 50-day simple moving average is $20.17 and its 200 day simple moving average is $20.36.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

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

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

Several large investors have recently made changes to their positions in the business. Ameriflex Group Inc. bought a new position in Cohen & Steers Select Preferred and Income Fund during the fourth quarter valued at about $99,000. Pettinga Financial Advisors LLC bought a new position in shares of Cohen & Steers Select Preferred and Income Fund during the 4th quarter valued at approximately $506,000. Comerica Bank raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 35.9% in the 4th quarter. Comerica Bank now owns 4,679 shares of the company’s stock worth $93,000 after purchasing an additional 1,235 shares during the period. Guggenheim Capital LLC lifted its stake in Cohen & Steers Select Preferred and Income Fund by 43.1% in the fourth quarter. Guggenheim Capital LLC now owns 181,511 shares of the company’s stock valued at $3,588,000 after purchasing an additional 54,664 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in Cohen & Steers Select Preferred and Income Fund during the fourth quarter valued at $206,000.

Cohen & Steers Select Preferred and Income Fund Company Profile

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.