Oder Investment Management LLC Has $1.01 Million Stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP)

Oder Investment Management LLC lifted its stake in Cohen & Steers Limited Duration Preferred and Income Fund, Inc. (NYSE:LDP) by 52.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 54,674 shares of the company’s stock after purchasing an additional 18,833 shares during the quarter. Cohen & Steers Limited Duration Preferred and Income Fund comprises 1.0% of Oder Investment Management LLC’s investment portfolio, making the stock its 28th largest position. Oder Investment Management LLC’s holdings in Cohen & Steers Limited Duration Preferred and Income Fund were worth $1,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Wealth LLC boosted its holdings in Cohen & Steers Limited Duration Preferred and Income Fund by 657.4% in the fourth quarter. NewEdge Wealth LLC now owns 95,077 shares of the company’s stock valued at $1,752,000 after acquiring an additional 82,524 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 4.6% in the 4th quarter. Cerity Partners LLC now owns 71,160 shares of the company’s stock valued at $1,311,000 after purchasing an additional 3,160 shares during the period. Maltin Wealth Management Inc. boosted its position in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 1.6% in the 4th quarter. Maltin Wealth Management Inc. now owns 74,508 shares of the company’s stock worth $1,373,000 after purchasing an additional 1,197 shares during the last quarter. Pettinga Financial Advisors LLC grew its stake in shares of Cohen & Steers Limited Duration Preferred and Income Fund by 77.2% during the fourth quarter. Pettinga Financial Advisors LLC now owns 50,300 shares of the company’s stock worth $927,000 after purchasing an additional 21,910 shares during the period. Finally, Mutual Advisors LLC bought a new stake in Cohen & Steers Limited Duration Preferred and Income Fund in the fourth quarter valued at about $296,000.

Cohen & Steers Limited Duration Preferred and Income Fund Stock Performance

Shares of LDP stock traded up $0.16 on Wednesday, reaching $19.41. The company had a trading volume of 19,799 shares, compared to its average volume of 86,371. The company has a 50-day moving average of $19.71 and a 200-day moving average of $18.82. Cohen & Steers Limited Duration Preferred and Income Fund, Inc. has a 12 month low of $16.16 and a 12 month high of $20.30.

Cohen & Steers Limited Duration Preferred and Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Tuesday, June 11th will be issued a $0.131 dividend. The ex-dividend date of this dividend is Tuesday, June 11th. This represents a $1.57 annualized dividend and a yield of 8.10%.

Cohen & Steers Limited Duration Preferred and Income Fund Company Profile

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.