Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Passes Above 50 Day Moving Average – Here’s Why

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $19.91 and traded as high as $20.13. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.83, with a volume of 50,945 shares traded.

Cohen & Steers Select Preferred and Income Fund Price Performance

The business has a fifty day moving average of $19.91 and a 200-day moving average of $20.29.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a $0.126 dividend. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date of this dividend is Tuesday, June 9th.

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gridiron Partners LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 12,990.5% in the 3rd quarter. Gridiron Partners LLC now owns 5,274,815 shares of the company’s stock valued at $1,096,000 after buying an additional 5,234,520 shares during the last quarter. Invesco Ltd. raised its position in Cohen & Steers Select Preferred and Income Fund by 9.1% in the 2nd quarter. Invesco Ltd. now owns 190,660 shares of the company’s stock valued at $3,840,000 after buying an additional 15,851 shares during the last quarter. Raymond James Financial Inc. raised its position in Cohen & Steers Select Preferred and Income Fund by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 146,595 shares of the company’s stock valued at $2,952,000 after buying an additional 2,591 shares during the last quarter. Fiera Capital Corp raised its position in Cohen & Steers Select Preferred and Income Fund by 84.5% in the 4th quarter. Fiera Capital Corp now owns 104,721 shares of the company’s stock valued at $2,124,000 after buying an additional 47,975 shares during the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in Cohen & Steers Select Preferred and Income Fund by 37.4% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 103,391 shares of the company’s stock valued at $2,148,000 after buying an additional 28,148 shares during the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.