Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.35 and traded as low as $20.06. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.17, with a volume of 22,364 shares traded.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.7 %

The company’s 50-day simple moving average is $20.03 and its 200-day simple moving average is $20.35.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th were given a dividend of $0.126 per share. The ex-dividend date of this dividend was Tuesday, January 14th. This represents a yield of 7.73%.

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

Several hedge funds have recently bought and sold shares of PSF. Noble Wealth Management PBC acquired a new stake in Cohen & Steers Select Preferred and Income Fund during the fourth quarter worth approximately $255,000. Wolverine Asset Management LLC acquired a new stake in shares of Cohen & Steers Select Preferred and Income Fund in the fourth quarter valued at approximately $283,000. WealthBridge Capital Management LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 4.8% in the fourth quarter. WealthBridge Capital Management LLC now owns 27,110 shares of the company’s stock valued at $536,000 after buying an additional 1,250 shares in the last quarter. LPL Financial LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 2.0% in the fourth quarter. LPL Financial LLC now owns 67,372 shares of the company’s stock valued at $1,332,000 after buying an additional 1,326 shares in the last quarter. Finally, Kestra Private Wealth Services LLC raised its position in shares of Cohen & Steers Select Preferred and Income Fund by 13.6% in the fourth quarter. Kestra Private Wealth Services LLC now owns 81,673 shares of the company’s stock valued at $1,615,000 after buying an additional 9,796 shares in the last quarter.

Cohen & Steers Select Preferred and Income Fund Company Profile

Cohen & Steers Select Preferred and Income Fund, Inc is a closed ended fixed income mutual fund launched by Cohen & Steers Inc It is managed by Cohen & Steers Capital Management, Inc The fund invests in the fixed income markets across the globe. It also invests some portion of its portfolio in other open-end funds, closed-end funds, or exchange traded funds that invest primarily in preferred and/or debt securities.