Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Trading Up 0.1% – Time to Buy?

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

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

The company’s 50-day moving average is $19.45 and its 200-day moving average is $19.88.

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

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in 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 in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 4th quarter valued at $41,000. Newbridge Financial Services Group Inc. purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at $146,000. Osaic Holdings Inc. raised its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% during 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 in the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter valued at $207,000.

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

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.