Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.73 and traded as low as $20.52. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.60, with a volume of 43,920 shares changing hands.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.1 %

The business’s 50 day moving average price is $20.76 and its two-hundred day moving average price is $19.95.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 31st. Investors of record on Wednesday, October 16th will be issued a $0.126 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a yield of 7.24%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. WealthBridge Capital Management LLC bought a new position in Cohen & Steers Select Preferred and Income Fund during the 1st quarter worth approximately $241,000. Daymark Wealth Partners LLC raised its holdings in Cohen & Steers Select Preferred and Income Fund by 25.4% during the 3rd quarter. Daymark Wealth Partners LLC now owns 24,700 shares of the company’s stock worth $530,000 after purchasing an additional 5,000 shares during the last quarter. Raymond James & Associates raised its holdings in Cohen & Steers Select Preferred and Income Fund by 15.0% during the 2nd quarter. Raymond James & Associates now owns 106,251 shares of the company’s stock worth $2,102,000 after purchasing an additional 13,883 shares during the last quarter. Finally, Baldwin Brothers LLC MA raised its holdings in Cohen & Steers Select Preferred and Income Fund by 11.2% during the 2nd quarter. Baldwin Brothers LLC MA now owns 145,755 shares of the company’s stock worth $2,883,000 after purchasing an additional 14,688 shares during 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.