Commonwealth Equity Services LLC Has $2.03 Million Stock Holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Commonwealth Equity Services LLC lessened its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP – Get Rating) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,727 shares of the investment management company’s stock after selling 2,557 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,030,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the first quarter valued at $5,700,000. LPL Financial LLC grew its position in shares of Cohen & Steers REIT and Preferred Income Fund by 6.0% in the 2nd quarter. LPL Financial LLC now owns 473,037 shares of the investment management company’s stock valued at $10,095,000 after buying an additional 26,858 shares during the last quarter. Creative Planning acquired a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the third quarter valued at about $327,000. Atria Wealth Solutions Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund during the first quarter worth about $336,000. Finally, Bank of America Corp DE lifted its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 1.4% in the first quarter. Bank of America Corp DE now owns 757,528 shares of the investment management company’s stock worth $20,370,000 after acquiring an additional 10,263 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP opened at $20.48 on Monday. Cohen & Steers REIT and Preferred Income Fund, Inc. has a fifty-two week low of $18.80 and a fifty-two week high of $27.36. The company has a 50 day simple moving average of $21.90 and a two-hundred day simple moving average of $21.65.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th will be given a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a dividend yield of 7.97%. The ex-dividend date is Tuesday, March 14th.

Cohen & Steers REIT and Preferred Income Fund Profile

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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.