Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Shares Up 0.4% – Still a Buy?

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) was up 0.4% during mid-day trading on Friday . The company traded as high as $19.60 and last traded at $19.57. Approximately 160,415 shares traded hands during trading, an increase of 38% from the average daily volume of 116,624 shares. The stock had previously closed at $19.49.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 0.4%

The firm’s 50-day moving average price is $20.23 and its 200 day moving average price is $19.91.

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

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 9th will be issued a dividend of $0.134 per share. This represents a c) dividend on an annualized basis and a yield of 8.2%. The ex-dividend date of this dividend is Tuesday, December 9th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Geneos Wealth Management Inc. grew its holdings in 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 worth $26,000 after buying an additional 1,223 shares in the last quarter. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter worth $57,000. US Bancorp DE grew its stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 200.0% in the 1st quarter. US Bancorp DE now owns 6,000 shares of the company’s stock worth $117,000 after acquiring an additional 4,000 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the second quarter valued at about $146,000. Finally, Osaic Holdings Inc. lifted its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 20.8% during the second quarter. Osaic Holdings Inc. now owns 8,142 shares of the company’s stock valued at $161,000 after purchasing an additional 1,404 shares in the last quarter.

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

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund is a close-end fixed income mutual fund launched by Cohen & Steers, Inc The fund is managed by Cohen & Steers Capital Management, Inc It invests in fixed income markets of global region. The fund invests directly and through derivates in preferred stock and debt securities, floating-rate and fixed-to-floating-rate preferred securities, fixed- and floating-rate corporate debt securities, convertible securities, contingent capital securities that are rated BBB- or above by S&P.