Raymond James & Associates Increases Stock Holdings in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)

Raymond James & Associates boosted its stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) by 1,096.5% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 373,297 shares of the company’s stock after buying an additional 342,097 shares during the quarter. Raymond James & Associates’ holdings in Cohen & Steers Limited Duration Preferred and Income Fund were worth $8,119,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LDP. Lynx Investment Advisory acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter worth approximately $39,000. Wolverine Asset Management LLC acquired a new position in shares of Cohen & Steers Limited Duration Preferred and Income Fund during the second quarter worth $76,000. Ashton Thomas Private Wealth LLC acquired a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the 2nd quarter worth $125,000. Capital Investment Advisors LLC purchased a new position in Cohen & Steers Limited Duration Preferred and Income Fund in the third quarter valued at about $396,000. Finally, Janney Montgomery Scott LLC increased its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 90.7% in the first quarter. Janney Montgomery Scott LLC now owns 21,013 shares of the company’s stock worth $422,000 after buying an additional 9,994 shares during the last quarter.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of NYSE LDP opened at $20.95 on Wednesday. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 52-week low of $16.42 and a 52-week high of $21.87. The stock’s 50 day moving average price is $21.02 and its two-hundred day moving average price is $20.18.

Cohen & Steers Limited Duration Preferred and Income Fund Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, October 31st. Shareholders of record on Wednesday, October 16th will be paid a dividend of $0.131 per share. This represents a yield of 7.25%. The ex-dividend date of this dividend is Tuesday, October 15th.

About Cohen & Steers Limited Duration Preferred and Income Fund

Cohen & Steers Ltd. Duration Preferred & Income Fund, Inc is a diversified and closed-end management investment company, which invests in the preferred and other securities issued by the U.S. and non-U.S. companies. Its objective is to provide high current income and capital appreciation. The company was founded on May 5, 2012 and is headquartered in New York, NY.