Advisory Services Network LLC Sells 596 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Advisory Services Network LLC lessened its holdings in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNPFree Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,047 shares of the investment management company’s stock after selling 596 shares during the quarter. Advisory Services Network LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $223,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RNP. Wells Fargo & Company MN increased its position in Cohen & Steers REIT and Preferred Income Fund by 8.1% during the 4th quarter. Wells Fargo & Company MN now owns 427,104 shares of the investment management company’s stock valued at $8,610,000 after purchasing an additional 31,939 shares during the period. Lincoln National Corp increased its position in Cohen & Steers REIT and Preferred Income Fund by 3.7% during the 4th quarter. Lincoln National Corp now owns 17,439 shares of the investment management company’s stock valued at $352,000 after purchasing an additional 627 shares during the period. Magnus Financial Group LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 20.4% during the 4th quarter. Magnus Financial Group LLC now owns 23,821 shares of the investment management company’s stock valued at $480,000 after purchasing an additional 4,040 shares during the period. SFI Advisors LLC acquired a new stake in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter valued at approximately $201,000. Finally, Koshinski Asset Management Inc. increased its position in Cohen & Steers REIT and Preferred Income Fund by 65.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 86,614 shares of the investment management company’s stock valued at $1,746,000 after purchasing an additional 34,141 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Price Performance

NYSE:RNP opened at $20.51 on Wednesday. The company has a 50 day simple moving average of $20.08 and a two-hundred day simple moving average of $20.04. Cohen & Steers REIT and Preferred Income Fund, Inc. has a fifty-two week low of $15.52 and a fifty-two week high of $21.27.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be given a dividend of $0.136 per share. This represents a $1.63 dividend on an annualized basis and a yield of 7.96%. The ex-dividend date of this dividend is Tuesday, June 11th.

Cohen & Steers REIT and Preferred Income Fund Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cohen & Steers REIT and Preferred Income Fund (NYSE:RNP)

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