Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Trading 0.1% Higher – Here’s Why

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) rose 0.1% on Monday . The company traded as high as $19.55 and last traded at $19.4850. Approximately 216,893 shares changed hands during mid-day trading, an increase of 79% from the average daily volume of 121,185 shares. The stock had previously closed at $19.47.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Stock Up 0.1%

The business’s fifty day simple moving average is $19.81 and its 200 day simple moving average is $19.94.

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

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Tuesday, December 9th will be paid a dividend of $0.134 per share. The ex-dividend date is Tuesday, December 9th. This represents a c) annualized dividend and a yield of 8.3%.

Hedge Funds Weigh In On Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of PTA. Geneos Wealth Management Inc. raised its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock worth $26,000 after purchasing an additional 1,223 shares during the period. MassMutual Private Wealth & Trust FSB bought a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth $57,000. US Bancorp DE grew its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 200.0% during the 1st quarter. US Bancorp DE now owns 6,000 shares of the company’s stock worth $117,000 after buying an additional 4,000 shares during the last quarter. Newbridge Financial Services Group Inc. acquired a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter worth $146,000. Finally, Osaic Holdings Inc. lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% in the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock valued at $161,000 after buying an additional 1,404 shares during the last quarter.

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.