International Assets Investment Management LLC Boosts Stock Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

International Assets Investment Management LLC increased its stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 1,678.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 279,075 shares of the investment management company’s stock after buying an additional 263,383 shares during the quarter. International Assets Investment Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $5,626,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 3rd quarter worth approximately $46,000. Manchester Capital Management LLC purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at $69,000. Comerica Bank purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 3rd quarter valued at $74,000. JPMorgan Chase & Co. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 2nd quarter valued at $96,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at $104,000.

Cohen & Steers REIT and Preferred Income Fund Trading Down 1.9 %

Shares of RNP opened at $19.12 on Tuesday. The business’s fifty day simple moving average is $20.40 and its two-hundred day simple moving average is $19.20. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 12 month low of $15.52 and a 12 month high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be paid a dividend of $0.136 per share. The ex-dividend date is Tuesday, June 11th. This represents a $1.63 annualized dividend and a yield of 8.54%.

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.