Valeo Financial Advisors LLC acquired a new stake in Cohen & Steers Select Pref & Inc Fd, Inc (NYSE:PSF) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,884 shares of the company’s stock, valued at approximately $46,000.
Several other institutional investors and hedge funds also recently modified their holdings of PSF. Raymond James & Associates lifted its stake in shares of Cohen & Steers Select Pref & Inc Fd by 18.5% during the 4th quarter. Raymond James & Associates now owns 29,976 shares of the company’s stock worth $945,000 after buying an additional 4,674 shares during the last quarter. Stifel Financial Corp bought a new position in Cohen & Steers Select Pref & Inc Fd in the 4th quarter valued at about $208,000. UBS Group AG lifted its position in Cohen & Steers Select Pref & Inc Fd by 24.0% during the fourth quarter. UBS Group AG now owns 259,868 shares of the company’s stock worth $8,191,000 after acquiring an additional 50,263 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Cohen & Steers Select Pref & Inc Fd by 0.7% during the fourth quarter. Bank of America Corp DE now owns 80,605 shares of the company’s stock worth $2,541,000 after acquiring an additional 591 shares during the period. Finally, Kerntke Otto McGlone Wealth Management Group acquired a new position in shares of Cohen & Steers Select Pref & Inc Fd in the fourth quarter valued at approximately $451,000.
NYSE:PSF opened at $25.00 on Friday. The stock has a 50 day simple moving average of $24.85 and a 200 day simple moving average of $26.38. Cohen & Steers Select Pref & Inc Fd, Inc has a 1-year low of $11.22 and a 1-year high of $32.85.
The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be issued a dividend of $0.157 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend is Tuesday, September 15th.
Cohen & Steers Select Pref & Inc Fd 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.
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