Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Passes Below Fifty Day Moving Average – Here’s Why

Shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $19.77 and traded as low as $19.50. Cohen & Steers Select Preferred and Income Fund shares last traded at $19.5550, with a volume of 39,076 shares.

Cohen & Steers Select Preferred and Income Fund Trading Down 0.4%

The company’s 50-day moving average is $19.77 and its two-hundred day moving average is $19.95.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 8th will be paid a dividend of $0.126 per share. The ex-dividend date is Tuesday, September 8th. This represents a c) annualized dividend and a yield of 7.7%.

Institutional Trading of Cohen & Steers Select Preferred and Income Fund

A number of large investors have recently made changes to their positions in the stock. US Bancorp DE raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 159.0% during the third quarter. US Bancorp DE now owns 8,000 shares of the company’s stock valued at $166,000 after purchasing an additional 4,911 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in Cohen & Steers Select Preferred and Income Fund by 5.4% in the third quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock worth $219,000 after purchasing an additional 543 shares during the last quarter. Fifth Third Bancorp bought a new stake in Cohen & Steers Select Preferred and Income Fund in the 1st quarter worth approximately $247,000. Comerica Bank grew its position in Cohen & Steers Select Preferred and Income Fund by 70.0% in the 4th quarter. Comerica Bank now owns 12,219 shares of the company’s stock worth $248,000 after purchasing an additional 5,033 shares during the period. Finally, Rockefeller Capital Management L.P. raised its stake in Cohen & Steers Select Preferred and Income Fund by 30.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 12,690 shares of the company’s stock valued at $257,000 after buying an additional 2,946 shares during the last quarter.

About Cohen & Steers Select Preferred and Income Fund

Cohen & Steers Select Preferred and Income Fund (NYSE: PSF) is a closed-end management investment company that seeks to provide shareholders with a high level of current income and the potential for capital appreciation. The fund trades on the New York Stock Exchange and offers investors exposure to a diversified portfolio of preferred and other hybrid securities, combining the liquidity of an exchange-traded vehicle with a specialized income strategy.

The fund’s primary business activity is investing in preferred stocks, bank capital instruments, trust preferreds and other hybrid capital structures issued by U.S.