YH Tax Sensitive Portfolio Trade Updates- February 6, 2021
Summary
Sell- Cohen & Steers Ltd. Duration Preferred & Inc (LDP) 4%.
Buy- Nuveen Preferred & Income Opps Fund (JPC) 4%.
Trade Rationales:
1) (LDP): This is a well-run preferred fund, but the sale recommendation is based on valuation. LDP currently trades at a 1.26% premium above NAV. It has a 5 year average discount of -3.29%.
The replacement fund below trad…
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