Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Price Crosses Below Fifty Day Moving Average – Here’s Why

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF)’s share price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $19.81 and traded as low as $18.55. Cohen & Steers Select Preferred and Income Fund shares last traded at $18.86, with a volume of 20,909 shares.

Cohen & Steers Select Preferred and Income Fund Price Performance

The business’s fifty day moving average is $19.81 and its 200-day moving average is $20.16.

Cohen & Steers Select Preferred and Income Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $0.126 dividend. This represents a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, June 10th.

Hedge Funds Weigh In On Cohen & Steers Select Preferred and Income Fund

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

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.