Cornerstone Advisors Inc Lowers stake in Cohen & Steers REIT/Pfd Inc Fd (RNP)

Cohen & Steers REIT/Pfd Inc Fd (RNP) : Cornerstone Advisors Inc reduced its stake in Cohen & Steers REIT/Pfd Inc Fd by 11.5% during the most recent quarter end. The investment management company now holds a total of 680,935 shares of Cohen & Steers REIT/Pfd Inc Fd which is valued at $14,340,491 after selling 88,526 shares in Cohen & Steers REIT/Pfd Inc Fd , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Cohen & Steers REIT/Pfd Inc Fd makes up approximately 3.41% of Cornerstone Advisors Inc’s portfolio.

Other Hedge Funds, Including , Highlander Capital Management reduced its stake in RNP by selling 100 shares or 1.69% in the most recent quarter. The Hedge Fund company now holds 5,800 shares of RNP which is valued at $122,148. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.12% of Highlander Capital Management’s portfolio.Advisors Asset Management reduced its stake in RNP by selling 220,546 shares or 48.79% in the most recent quarter. The Hedge Fund company now holds 231,499 shares of RNP which is valued at $4,849,904. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.08% of Advisors Asset Management’s portfolio. Cornerstone Financial Partners added RNP to its portfolio by purchasing 70,100 company shares during the most recent quarter which is valued at $1,481,213. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.52% of Cornerstone Financial Partners’s portfolio.Investors Capital Advisory Services reduced its stake in RNP by selling 345 shares or 3.31% in the most recent quarter. The Hedge Fund company now holds 10,085 shares of RNP which is valued at $213,096. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.04% of Investors Capital Advisory Services’s portfolio.Financial Investment Management Group Ltd reduced its stake in RNP by selling 17,950 shares or 25.69% in the most recent quarter. The Hedge Fund company now holds 51,914 shares of RNP which is valued at $1,119,785. Cohen & Steers REIT/Pfd Inc Fd makes up approx 0.32% of Financial Investment Management Group Ltd’s portfolio.

Cohen & Steers REIT/Pfd Inc Fd closed down -0.06 points or -0.29% at $20.99 with 67,358 shares getting traded on Friday. Post opening the session at $21.03, the shares hit an intraday low of $20.9 and an intraday high of $21.053 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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