Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Trading Up 0.1% – Still a Buy?

Shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) shot up 0.1% during trading on Friday . The stock traded as high as $19.83 and last traded at $19.8010. 89,721 shares changed hands during trading, a decline of 45% from the average session volume of 162,354 shares. The stock had previously closed at $19.79.

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

The business’s 50-day simple moving average is $19.55 and its two-hundred day simple moving average is $19.85.

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

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be issued a $0.134 dividend. This represents a c) annualized dividend and a yield of 8.1%. The ex-dividend date of this dividend is Tuesday, March 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PTA. Bank of America Corp DE grew its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 2.5% in the 3rd quarter. Bank of America Corp DE now owns 3,994,663 shares of the company’s stock valued at $81,531,000 after acquiring an additional 97,319 shares during the period. Rivernorth Capital Management LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at about $4,555,000. Rockefeller Capital Management L.P. grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 229.0% in the second quarter. Rockefeller Capital Management L.P. now owns 165,242 shares of the company’s stock valued at $3,272,000 after purchasing an additional 115,019 shares during the period. Shaker Financial Services LLC increased its stake in shares of 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 purchasing an additional 93,478 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 23.7% during the 4th quarter. Stifel Financial Corp now owns 101,689 shares of the company’s stock worth $1,964,000 after purchasing an additional 19,502 shares during the last quarter.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile

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.