Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Share Price Breaks Below 50 Day Moving Average – Here’s What Happened

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA)’s share price passed below its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $17.40 and traded as low as $17.01. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund shares last traded at $17.14, with a volume of 393,121 shares.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Down 2.0%

The business’s 50-day simple moving average is $17.40 and its 200 day simple moving average is $18.77.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Atlas Wealth LLC bought a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the third quarter worth approximately $2,897,000. Global Retirement Partners LLC boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 33.0% during the 3rd quarter. Global Retirement Partners LLC now owns 6,860 shares of the company’s stock valued at $119,000 after acquiring an additional 1,702 shares in the last quarter. Riverbridge Partners LLC bought a new stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 3rd quarter valued at $465,000. Lido Advisors LLC boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.2% during the 3rd quarter. Lido Advisors LLC now owns 158,036 shares of the company’s stock valued at $2,748,000 after acquiring an additional 14,585 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 10.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,874 shares of the company’s stock valued at $206,000 after acquiring an additional 1,152 shares in the last quarter.

About Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund, Inc. is a closed-end investment fund managed by Cohen & Steers. It seeks to provide high current income, with capital appreciation as a secondary objective. The fund invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the United States and other countries. Its tax-advantaged approach focuses on income-generating investments, though the tax treatment of distributions can vary.