Advisor Group Inc. Boosts Stake in Cohen & Steers REIT/Pfd Inc Fd (RNP)

Advisor Group Inc. lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd (NYSE:RNP) by 2.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,005 shares of the investment management company’s stock after buying an additional 389 shares during the period. Advisor Group Inc.’s holdings in Cohen & Steers REIT/Pfd Inc Fd were worth $311,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Ameriprise Financial Inc. lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 4.5% during the second quarter. Ameriprise Financial Inc. now owns 11,935 shares of the investment management company’s stock worth $240,000 after buying an additional 518 shares during the period. IFP Advisors Inc lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 2.1% during the second quarter. IFP Advisors Inc now owns 48,057 shares of the investment management company’s stock worth $999,000 after buying an additional 968 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 7.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 36,247 shares of the investment management company’s stock worth $753,000 after buying an additional 2,450 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of Cohen & Steers REIT/Pfd Inc Fd by 16.2% during the second quarter. Janney Montgomery Scott LLC now owns 33,715 shares of the investment management company’s stock worth $701,000 after buying an additional 4,703 shares during the period. Finally, Bank of Stockton acquired a new stake in shares of Cohen & Steers REIT/Pfd Inc Fd during the second quarter worth $205,000.

Shares of Cohen & Steers REIT/Pfd Inc Fd (NYSE RNP) opened at 21.86 on Friday. The stock’s 50 day moving average is $21.19 and its 200 day moving average is $20.58. Cohen & Steers REIT/Pfd Inc Fd has a 1-year low of $17.91 and a 1-year high of $21.88.

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 31st. Investors of record on Wednesday, October 18th will be given a $0.124 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 6.81%. The ex-dividend date is Tuesday, October 17th.

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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)

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