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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) traded up 0.1% during trading on Thursday . The company traded as high as $19.71 and last traded at $19.6780. 106,493 shares traded hands during trading, a decline of 36% from the average session volume of 167,263 shares. The stock had previously closed at $19.66.

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

The company’s 50-day moving average is $19.43 and its 200-day moving average is $19.88.

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

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.134 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Tuesday, March 10th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.6% in the second quarter. Bank of America Corp DE now owns 3,897,344 shares of the company’s stock worth $77,167,000 after acquiring an additional 135,103 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 229.0% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 165,242 shares of the company’s stock worth $3,272,000 after purchasing an additional 115,019 shares during the period. Shaker Financial Services LLC increased its holdings in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 173.1% in the 4th quarter. Shaker Financial Services LLC now owns 147,484 shares of the company’s stock valued at $2,848,000 after purchasing an additional 93,478 shares in the last quarter. Rareview Capital LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the fourth quarter valued at about $1,073,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the fourth quarter worth about $436,000.

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.