Cohen & Steers Select Preferred and Income Fund (NYSE:PSF) Stock Crosses Below 50 Day Moving Average – Should You Sell?

Cohen & Steers Select Preferred and Income Fund, Inc. (NYSE:PSF)’s share price 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 changing hands.

Cohen & Steers Select Preferred and Income Fund Price Performance

The firm has a 50-day simple moving average of $20.04 and a two-hundred day simple moving average of $20.32.

Cohen & Steers Select Preferred and Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Daymark Wealth Partners LLC increased 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. WealthBridge Capital Management LLC increased its stake in Cohen & Steers Select Preferred and Income Fund by 74.6% in the third quarter. WealthBridge Capital Management LLC now owns 25,860 shares of the company’s stock valued at $554,000 after purchasing an additional 11,050 shares during the period. Shaker Financial Services LLC raised its holdings in shares of Cohen & Steers Select Preferred and Income Fund by 118.4% in the third quarter. Shaker Financial Services LLC now owns 81,753 shares of the company’s stock valued at $1,753,000 after buying an additional 44,327 shares during the last quarter. Raymond James & Associates grew its stake in shares of Cohen & Steers Select Preferred and Income Fund by 17.6% in the 3rd quarter. Raymond James & Associates now owns 124,939 shares of the company’s stock valued at $2,679,000 after purchasing an additional 18,688 shares during the last quarter. Finally, Baldwin Wealth Partners LLC MA raised its position in Cohen & Steers Select Preferred and Income Fund by 14.3% during the 4th quarter. Baldwin Wealth Partners LLC MA now owns 171,734 shares of the company’s stock worth $3,395,000 after buying an additional 21,420 shares during 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.