Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Trading Up 0.4% – Should You Buy?

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) rose 0.4% during mid-day trading on Friday . The company traded as high as $19.60 and last traded at $19.57. Approximately 160,415 shares were traded during mid-day trading, an increase of 38% from the average daily volume of 116,624 shares. The stock had previously closed at $19.49.

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

The firm has a 50-day simple moving average of $20.23 and a 200 day simple moving average of $19.92.

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

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be issued a dividend of $0.134 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. increased its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% in the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock valued at $26,000 after purchasing an additional 1,223 shares during the period. MassMutual Private Wealth & Trust FSB purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at $57,000. US Bancorp DE increased its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 200.0% in the 1st quarter. US Bancorp DE now owns 6,000 shares of the company’s stock valued at $117,000 after buying an additional 4,000 shares during the period. Newbridge Financial Services Group Inc. purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth $146,000. Finally, Osaic Holdings Inc. lifted its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% in the 2nd quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock worth $161,000 after acquiring an additional 1,404 shares during the period.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.