Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) Stake Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) by 208.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 222,691 shares of the investment management company’s stock after buying an additional 150,422 shares during the period. Advisors Asset Management Inc. owned 0.47% of Cohen & Steers REIT/Pfd Inc Fd worth $4,721,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Stratos Wealth Partners LTD. boosted its stake in Cohen & Steers REIT/Pfd Inc Fd by 42.8% during the third quarter. Stratos Wealth Partners LTD. now owns 14,840 shares of the investment management company’s stock worth $315,000 after buying an additional 4,449 shares during the last quarter. IFP Advisors Inc boosted its stake in Cohen & Steers REIT/Pfd Inc Fd by 5.2% during the third quarter. IFP Advisors Inc now owns 50,564 shares of the investment management company’s stock worth $1,072,000 after buying an additional 2,507 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Cohen & Steers REIT/Pfd Inc Fd by 24.0% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 121,403 shares of the investment management company’s stock worth $2,574,000 after buying an additional 23,492 shares during the last quarter. First Trust Advisors LP boosted its stake in Cohen & Steers REIT/Pfd Inc Fd by 13.1% during the third quarter. First Trust Advisors LP now owns 140,392 shares of the investment management company’s stock worth $2,976,000 after buying an additional 16,278 shares during the last quarter. Finally, WESPAC Advisors LLC boosted its stake in Cohen & Steers REIT/Pfd Inc Fd by 53.9% during the third quarter. WESPAC Advisors LLC now owns 58,297 shares of the investment management company’s stock worth $1,236,000 after buying an additional 20,412 shares during the last quarter.

In other Cohen & Steers REIT/Pfd Inc Fd news, Director Nolan Allan Watson purchased 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were acquired at an average price of $1.01 per share, with a total value of $101,000.00. Insiders have acquired 650,000 shares of company stock worth $173,500 in the last three months.

Cohen & Steers REIT/Pfd Inc Fd (NYSE RNP) traded down $0.05 during midday trading on Thursday, reaching $20.76. The company’s stock had a trading volume of 93,675 shares, compared to its average volume of 95,732. Cohen & Steers REIT/Pfd Inc Fd has a one year low of $18.52 and a one year high of $21.98.

The business also recently disclosed a monthly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were paid a dividend of $0.124 per share. This represents a $1.49 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend was Tuesday, November 14th.

ILLEGAL ACTIVITY WARNING: This story was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this story on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark legislation. The original version of this story can be read at https://www.dispatchtribunal.com/2017/12/07/advisors-asset-management-inc-grows-holdings-in-cohen-steers-reitpfd-inc-fd-rnp.html.

Cohen & Steers REIT/Pfd Inc Fd Company Profile

Cohen & Steers REIT and Preferred Income Fund, Inc (the Fund) is a diversified, closed-end management investment fund. The Fund’s investment objective is high current income through investment in real estate and diversified preferred securities. The secondary investment objective is capital appreciation.

Institutional Ownership by Quarter for Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP)

Receive News & Ratings for Cohen & Steers REIT/Pfd Inc Fd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohen & Steers REIT/Pfd Inc Fd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply