Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $20.13 and traded as low as $19.67. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.83, with a volume of 47,853 shares trading hands.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.7 %

The business has a fifty day simple moving average of $20.13 and a two-hundred day simple moving average of $20.38.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Guggenheim Capital LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 43.1% during the 4th quarter. Guggenheim Capital LLC now owns 181,511 shares of the company’s stock worth $3,588,000 after acquiring an additional 54,664 shares during the period. Baldwin Wealth Partners LLC MA raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 14.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 171,734 shares of the company’s stock worth $3,395,000 after acquiring an additional 21,420 shares during the period. Invesco Ltd. raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 15.8% during the 4th quarter. Invesco Ltd. now owns 163,037 shares of the company’s stock worth $3,223,000 after acquiring an additional 22,304 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Cohen & Steers Select Preferred and Income Fund during the 4th quarter worth $2,673,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 13.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 81,673 shares of the company’s stock worth $1,615,000 after acquiring an additional 9,796 shares during the period.

About Cohen & Steers Select Preferred and Income Fund

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.