Glaxis Capital Management LLC Takes $913,000 Position in Cohen & Steers Select Preferred and Income Fund, Inc. $PSF

Glaxis Capital Management LLC purchased a new stake in shares of Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 45,000 shares of the company’s stock, valued at approximately $913,000. Cohen & Steers Select Preferred and Income Fund makes up approximately 1.5% of Glaxis Capital Management LLC’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Integrated Wealth Concepts LLC increased its position in shares of Cohen & Steers Select Preferred and Income Fund by 5.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 10,543 shares of the company’s stock valued at $219,000 after purchasing an additional 543 shares during the last quarter. Truist Financial Corp boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 2.1% in the fourth quarter. Truist Financial Corp now owns 33,142 shares of the company’s stock worth $672,000 after buying an additional 686 shares during the last quarter. Arlington Capital Management Inc. boosted its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 6.6% in the fourth quarter. Arlington Capital Management Inc. now owns 11,277 shares of the company’s stock worth $229,000 after buying an additional 703 shares during the last quarter. Osaic Holdings Inc. grew its position in Cohen & Steers Select Preferred and Income Fund by 2.5% during the second quarter. Osaic Holdings Inc. now owns 44,494 shares of the company’s stock valued at $896,000 after buying an additional 1,094 shares during the period. Finally, Shaker Financial Services LLC grew its position in Cohen & Steers Select Preferred and Income Fund by 1.7% during the fourth quarter. Shaker Financial Services LLC now owns 72,187 shares of the company’s stock valued at $1,464,000 after buying an additional 1,174 shares during the period.

Cohen & Steers Select Preferred and Income Fund Stock Up 0.2%

Shares of PSF stock opened at $19.49 on Friday. Cohen & Steers Select Preferred and Income Fund, Inc. has a 12 month low of $18.95 and a 12 month high of $21.20. The company has a 50 day simple moving average of $19.70 and a two-hundred day simple moving average of $20.04.

Cohen & Steers Select Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.126 dividend. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Tuesday, June 9th.

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.