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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) dropped 0.1% on Wednesday . The company traded as low as $19.57 and last traded at $19.5950. Approximately 134,767 shares were traded during trading, a decline of 18% from the average daily volume of 164,142 shares. The stock had previously closed at $19.62.

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

The company has a 50 day moving average of $19.45 and a 200-day moving average of $19.91.

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. Stockholders of record on Tuesday, March 10th will be given a $0.134 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date of this dividend is Tuesday, March 10th.

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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. boosted its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% in the 1st 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. Noble Wealth Management PBC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter valued at approximately $57,000. Newbridge Financial Services Group Inc. bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter valued at approximately $146,000. Finally, Osaic Holdings Inc. grew its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% during the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock worth $161,000 after buying an additional 1,404 shares in the last quarter.

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.