Wilmington Savings Fund Society FSB Acquires Shares of 15,000 Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)

Wilmington Savings Fund Society FSB acquired a new stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) during the third quarter, Holdings Channel reports. The fund acquired 15,000 shares of the company’s stock, valued at approximately $326,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James & Associates raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1,096.5% during the 3rd quarter. Raymond James & Associates now owns 373,297 shares of the company’s stock worth $8,119,000 after acquiring an additional 342,097 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 12.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 154,351 shares of the company’s stock worth $3,072,000 after acquiring an additional 16,964 shares during the period. Sanctuary Advisors LLC purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 2nd quarter worth $6,994,000. Creative Planning raised its holdings in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 14.9% during the 3rd quarter. Creative Planning now owns 24,583 shares of the company’s stock worth $535,000 after acquiring an additional 3,183 shares during the period. Finally, Wolverine Asset Management LLC purchased a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the 2nd quarter worth $76,000.

Cohen & Steers Limited Duration Preferred and Income Fund Price Performance

Shares of NYSE:LDP opened at $20.75 on Wednesday. The business has a 50-day moving average price of $21.16 and a 200 day moving average price of $20.56. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 12-month low of $18.38 and a 12-month high of $21.87.

Cohen & Steers Limited Duration Preferred and Income Fund Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 31st. Investors of record on Wednesday, October 16th were given a dividend of $0.131 per share. This represents a dividend yield of 7.25%. The ex-dividend date of this dividend was Tuesday, October 15th.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.