Commonwealth Equity Services LLC Acquires 6,391 Shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP)

Commonwealth Equity Services LLC boosted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund, Inc. (NYSE:RNP) by 4.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 144,589 shares of the investment management company’s stock after purchasing an additional 6,391 shares during the period. Commonwealth Equity Services LLC’s holdings in Cohen & Steers REIT and Preferred Income Fund were worth $2,945,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Secure Asset Management LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at about $351,000. XML Financial LLC bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at about $230,000. Investment Planning Advisors Inc. bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the second quarter valued at about $928,000. Cetera Investment Advisers bought a new stake in shares of Cohen & Steers REIT and Preferred Income Fund in the first quarter valued at about $1,710,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Cohen & Steers REIT and Preferred Income Fund by 42.4% in the first quarter. Advisors Asset Management Inc. now owns 44,428 shares of the investment management company’s stock valued at $934,000 after purchasing an additional 13,234 shares in the last quarter.

Cohen & Steers REIT and Preferred Income Fund Stock Performance

Shares of Cohen & Steers REIT and Preferred Income Fund stock opened at $23.74 on Thursday. The stock’s 50-day moving average is $22.13 and its 200-day moving average is $20.90. Cohen & Steers REIT and Preferred Income Fund, Inc. has a one year low of $15.52 and a one year high of $23.98.

Cohen & Steers REIT and Preferred Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 10th will be issued a $0.136 dividend. The ex-dividend date of this dividend is Tuesday, September 10th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 6.87%.

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.