Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Trading 0.1% Higher – Time to Buy?

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) shot up 0.1% on Thursday . The stock traded as high as $19.71 and last traded at $19.6780. 106,493 shares were traded during mid-day trading, a decline of 36% from the average session volume of 167,263 shares. The stock had previously closed at $19.66.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance

The company has a fifty day simple moving average of $19.43 and a two-hundred day simple moving average of $19.88.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a dividend of $0.134 per share. This represents a c) annualized dividend and a yield of 8.2%. The ex-dividend date is Tuesday, March 10th.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Large investors have recently modified their holdings of the business. Bank of America Corp DE increased its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.6% during the 2nd quarter. Bank of America Corp DE now owns 3,897,344 shares of the company’s stock worth $77,167,000 after purchasing an additional 135,103 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 229.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 165,242 shares of the company’s stock worth $3,272,000 after purchasing an additional 115,019 shares during the last quarter. Shaker Financial Services LLC boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 173.1% during the fourth quarter. Shaker Financial Services LLC now owns 147,484 shares of the company’s stock worth $2,848,000 after acquiring an additional 93,478 shares during the last quarter. Rareview Capital LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth $1,073,000. Finally, Kestra Private Wealth Services LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth about $436,000.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE: PTA) is a closed-end management investment company that seeks to provide high levels of after-tax total return. The fund pursues this objective primarily through investments in tax-advantaged preferred securities and other income-oriented instruments. Listed on the New York Stock Exchange, PTA offers investors access to a diversified portfolio of income-producing assets managed by a dedicated team of fixed-income specialists.