Modern Wealth Management LLC Has $287,000 Position in Cohen & Steers REIT and Preferred Income Fund, Inc. $RNP

Modern Wealth Management LLC reduced its position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 5.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,020 shares of the investment management company’s stock after selling 700 shares during the period. Modern Wealth Management LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in RNP. Jane Street Group LLC bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth $212,000. Elequin Capital LP bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth $131,000. Ameriflex Group Inc. bought a new position in Cohen & Steers REIT and Preferred Income Fund during the 4th quarter worth $32,000. Shufro Rose & Co. LLC increased its stake in Cohen & Steers REIT and Preferred Income Fund by 4.7% during the 4th quarter. Shufro Rose & Co. LLC now owns 44,400 shares of the investment management company’s stock worth $928,000 after acquiring an additional 2,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in Cohen & Steers REIT and Preferred Income Fund by 15.6% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 14,803 shares of the investment management company’s stock worth $309,000 after acquiring an additional 1,999 shares during the period.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Cohen & Steers REIT and Preferred Income Fund stock opened at $22.37 on Tuesday. The stock’s fifty day moving average price is $22.33 and its two-hundred day moving average price is $21.82. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $19.00 and a one year high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.136 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date was Tuesday, August 12th.

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.