Stratos Wealth Partners Ltd. buys $7,473,941 stake in Cohen & Steers REIT/Pfd Inc Fd (RNP)

Cohen & Steers REIT/Pfd Inc Fd (RNP) : Stratos Wealth Partners Ltd. scooped up 227,611 additional shares in Cohen & Steers REIT/Pfd Inc Fd during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 354,888 shares of Cohen & Steers REIT/Pfd Inc Fd which is valued at $7,473,941.Cohen & Steers REIT/Pfd Inc Fd makes up approximately 0.54% of Stratos Wealth Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Formidable Asset Management sold out all of its stake in RNP during the most recent quarter. The investment firm sold 5,000 shares of RNP which is valued $105,300. Blackrock Advisors sold out all of its stake in RNP during the most recent quarter. The investment firm sold 4,553 shares of RNP which is valued $95,886.Bb&t Securities boosted its stake in RNP in the latest quarter, The investment management firm added 1,794 additional shares and now holds a total of 30,771 shares of Cohen & Steers REIT/Pfd Inc Fd which is valued at $648,345. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.01% of Bb&t Securities’s portfolio.

Cohen & Steers REIT/Pfd Inc Fd opened for trading at $21.09 and hit $21.33 on the upside on Monday, eventually ending the session at $21.25, with a gain of 1.19% or 0.25 points. The heightened volatility saw the trading volume jump to 1,20,108 shares. Company has a market cap of $908 M.

Cohen & Steers REIT and Preferred Income Fund Inc. 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 and capital appreciation. The Fund is focused on sectors which include office apartment regional mall diversified health care shopping center hotel self storage industrial banking insurance real estate utility financial services other assets telecommunications pipeline and energy. The Fund’s investment manager is Cohen & Steers Capital Management Inc.

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