Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Shares Cross Below 50-Day Moving Average – Time to Sell?

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $17.40 and traded as low as $17.01. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund shares last traded at $17.14, with a volume of 393,121 shares.

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

The company has a fifty day simple moving average of $17.33 and a 200-day simple moving average of $18.74.

Institutional Investors Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

A number of large investors have recently made changes to their positions in PTA. First Trust Advisors LP raised its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 21.1% during the 3rd quarter. First Trust Advisors LP now owns 82,918 shares of the company’s stock valued at $1,442,000 after purchasing an additional 14,438 shares during the period. Atlas Wealth LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter worth $2,897,000. Global Retirement Partners LLC boosted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 33.0% in the third quarter. Global Retirement Partners LLC now owns 6,860 shares of the company’s stock worth $119,000 after buying an additional 1,702 shares during the period. Riverbridge Partners LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter worth $465,000. Finally, Lido Advisors LLC grew its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.2% during the third quarter. Lido Advisors LLC now owns 158,036 shares of the company’s stock valued at $2,748,000 after buying an additional 14,585 shares in the last quarter.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Inc. is a closed-end investment fund managed by Cohen & Steers. It seeks to provide high current income, with capital appreciation as a secondary objective. The fund invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the United States and other countries. Its tax-advantaged approach focuses on income-generating investments, though the tax treatment of distributions can vary.