Advisors Asset Management Inc. boosted its holdings in Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) by 34.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,599 shares of the investment management company’s stock after acquiring an additional 93,330 shares during the quarter. Advisors Asset Management Inc. owned 0.77% of Cohen & Steers REIT/Pfd Inc Fd worth $7,100,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the stock. Quad Cities Investment Group LLC bought a new position in shares of Cohen & Steers REIT/Pfd Inc Fd during the 2nd quarter valued at $122,000. Thrivent Financial for Lutherans purchased a new stake in shares of Cohen & Steers REIT/Pfd Inc Fd in the 1st quarter worth $193,000. Park Avenue Securities LLC purchased a new stake in Cohen & Steers REIT/Pfd Inc Fd in the 2nd quarter worth $198,000. D.A. Davidson & CO. purchased a new stake in Cohen & Steers REIT/Pfd Inc Fd in the 2nd quarter worth $217,000. Finally, Capital Advisors Ltd. LLC increased its stake in Cohen & Steers REIT/Pfd Inc Fd by 19.1% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 16,527 shares of the investment management company’s stock worth $321,000 after buying an additional 2,650 shares in the last quarter.
RNP stock traded up $0.06 during trading on Friday, reaching $18.00. The company’s stock had a trading volume of 183,961 shares, compared to its average volume of 131,340. Cohen & Steers REIT/Pfd Inc Fd has a 1 year low of $17.80 and a 1 year high of $21.98.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Wednesday, October 17th will be paid a $0.124 dividend. The ex-dividend date is Tuesday, October 16th. This represents a $1.49 dividend on an annualized basis and a yield of 8.27%.
About Cohen & Steers REIT/Pfd Inc Fd
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.
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