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

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $20.05 and traded as low as $19.94. Cohen & Steers Select Preferred and Income Fund shares last traded at $20.00, with a volume of 25,113 shares traded.

Cohen & Steers Select Preferred and Income Fund Stock Performance

The firm’s 50 day simple moving average is $20.05 and its 200-day simple moving average is $20.32.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 15th will be paid a dividend of $0.126 per share. The ex-dividend date of this dividend is Tuesday, January 14th. This represents a yield of 7.73%.

Institutional Investors Weigh In On Cohen & Steers Select Preferred and Income Fund

Several institutional investors have recently bought and sold shares of the business. Shaker Financial Services LLC grew its stake in Cohen & Steers Select Preferred and Income Fund by 118.4% during the third quarter. Shaker Financial Services LLC now owns 81,753 shares of the company’s stock worth $1,753,000 after buying an additional 44,327 shares during the period. Raymond James & Associates grew its stake in Cohen & Steers Select Preferred and Income Fund by 17.6% during the third quarter. Raymond James & Associates now owns 124,939 shares of the company’s stock worth $2,679,000 after buying an additional 18,688 shares during the period. Daymark Wealth Partners LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 25.4% during the third 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 in the last quarter. Finally, WealthBridge Capital Management LLC lifted its position in shares of Cohen & Steers Select Preferred and Income Fund by 74.6% during the third quarter. WealthBridge Capital Management LLC now owns 25,860 shares of the company’s stock worth $554,000 after purchasing an additional 11,050 shares in 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.