248,458 Shares in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) Acquired by JP Wealth Management Inc.

JP Wealth Management Inc. bought a new position in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 248,458 shares of the investment management company’s stock, valued at approximately $5,193,000. Cohen & Steers REIT and Preferred Income Fund accounts for 3.8% of JP Wealth Management Inc.’s investment portfolio, making the stock its 9th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbour Investments Inc. grew its holdings in Cohen & Steers REIT and Preferred Income Fund by 0.7% in the 3rd quarter. Harbour Investments Inc. now owns 83,558 shares of the investment management company’s stock valued at $1,978,000 after buying an additional 544 shares during the last quarter. Future Financial Wealth Managment LLC boosted its position in shares of Cohen & Steers REIT and Preferred Income Fund by 6.5% in the third quarter. Future Financial Wealth Managment LLC now owns 15,746 shares of the investment management company’s stock valued at $373,000 after acquiring an additional 964 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cohen & Steers REIT and Preferred Income Fund by 10.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 12,804 shares of the investment management company’s stock worth $303,000 after acquiring an additional 1,198 shares during the last quarter. Venture Visionary Partners LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 4.4% during the third quarter. Venture Visionary Partners LLC now owns 30,558 shares of the investment management company’s stock worth $723,000 after acquiring an additional 1,281 shares during the period. Finally, WealthBridge Capital Management LLC raised its stake in Cohen & Steers REIT and Preferred Income Fund by 8.3% during the 3rd quarter. WealthBridge Capital Management LLC now owns 19,650 shares of the investment management company’s stock valued at $465,000 after purchasing an additional 1,500 shares during the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

NYSE RNP opened at $21.69 on Tuesday. The company’s fifty day moving average is $21.53 and its two-hundred day moving average is $22.40. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 52-week low of $18.77 and a 52-week high of $24.41.

Cohen & Steers REIT and Preferred Income Fund Increases Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 15th were paid a dividend of $0.136 per share. This represents a yield of 8.01%. This is a positive change from Cohen & Steers REIT and Preferred Income Fund’s previous dividend of $0.12. The ex-dividend date was Tuesday, January 14th.

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.