Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Plans $0.13 Monthly Dividend

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) announced a monthly dividend on Tuesday, March 24th. Shareholders of record on Tuesday, May 12th will be given a dividend of 0.134 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 8.5%. The ex-dividend date is Tuesday, May 12th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 1.7%

Shares of NYSE PTA opened at $18.81 on Wednesday. The firm’s 50-day moving average price is $19.49 and its 200-day moving average price is $19.71. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 1-year low of $17.40 and a 1-year high of $20.92.

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

A number of institutional investors have recently modified their holdings of PTA. NewEdge Advisors LLC increased its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 5.7% during the 1st quarter. NewEdge Advisors LLC now owns 23,811 shares of the company’s stock valued at $463,000 after purchasing an additional 1,277 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% during the first quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock valued at $26,000 after buying an additional 1,223 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 29.8% during the second quarter. Envestnet Asset Management Inc. now owns 17,534 shares of the company’s stock worth $347,000 after acquiring an additional 4,027 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter worth about $357,000. Finally, Ameriprise Financial Inc. bought a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at about $218,000.

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.