Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Shares Down 0.8% – Here’s Why

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) fell 0.8% on Thursday . The company traded as low as $19.28 and last traded at $19.3260. 96,944 shares traded hands during mid-day trading, a decline of 32% from the average session volume of 141,810 shares. The stock had previously closed at $19.49.

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

The stock’s 50 day moving average is $19.17 and its two-hundred day moving average is $19.40.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be paid a $0.134 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a c) dividend on an annualized basis and a yield of 8.3%.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC boosted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 15.6% in the 1st quarter. NewEdge Advisors LLC now owns 42,346 shares of the company’s stock worth $794,000 after purchasing an additional 5,717 shares during the period. Royal Bank of Canada boosted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.4% in the 1st quarter. Royal Bank of Canada now owns 719,118 shares of the company’s stock worth $13,476,000 after purchasing an additional 23,897 shares during the period. Cetera Investment Advisers lifted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 22.5% during the 1st quarter. Cetera Investment Advisers now owns 18,841 shares of the company’s stock worth $353,000 after buying an additional 3,456 shares in the last quarter. First Trust Advisors LP bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 1st quarter worth about $1,177,000. Finally, Fifth Third Bancorp bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 1st quarter worth about $1,323,000.

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.