XML Financial LLC Takes Position in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

XML Financial LLC bought a new stake in Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 11,305 shares of the investment management company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Investment Planning Advisors Inc. purchased a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the 2nd quarter valued at about $928,000. Cetera Investment Advisers acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 1st quarter valued at about $1,710,000. Advisors Asset Management Inc. increased its position in Cohen & Steers REIT and Preferred Income Fund by 42.4% in the 1st quarter. Advisors Asset Management Inc. now owns 44,428 shares of the investment management company’s stock valued at $934,000 after acquiring an additional 13,234 shares during the period. Private Advisor Group LLC increased its position in Cohen & Steers REIT and Preferred Income Fund by 57.6% in the 1st quarter. Private Advisor Group LLC now owns 41,494 shares of the investment management company’s stock valued at $873,000 after acquiring an additional 15,162 shares during the period. Finally, Consolidated Portfolio Review Corp acquired a new position in Cohen & Steers REIT and Preferred Income Fund in the 1st quarter valued at about $360,000.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

RNP stock traded up $0.12 during trading on Wednesday, hitting $22.46. The company had a trading volume of 66,139 shares, compared to its average volume of 105,704. Cohen & Steers REIT and Preferred Income Fund, Inc. has a 1-year low of $15.52 and a 1-year high of $22.50. The firm has a 50-day moving average price of $21.11 and a 200-day moving average price of $20.54.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 10th will be given a dividend of $0.136 per share. This represents a $1.63 annualized dividend and a yield of 7.27%. The ex-dividend date of this dividend is Tuesday, September 10th.

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.