Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) to Issue $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, June 9th will be given a dividend of 0.134 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date is Tuesday, June 9th.

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Trading Up 1.5%

Shares of NYSE PTA traded up $0.27 during midday trading on Wednesday, reaching $18.76. 18,465 shares of the stock were exchanged, compared to its average volume of 149,475. Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has a 12 month low of $17.40 and a 12 month high of $20.92. The business has a 50-day simple moving average of $19.49 and a two-hundred day simple moving average of $19.71.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its stake in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.1% in the third quarter. Envestnet Asset Management Inc. now owns 18,086 shares of the company’s stock valued at $369,000 after buying an additional 552 shares in the last quarter. Oppenheimer & Co. Inc. raised its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1.2% during the fourth quarter. Oppenheimer & Co. Inc. now owns 49,262 shares of the company’s stock worth $951,000 after acquiring an additional 595 shares during the period. RFG Advisory LLC raised its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 3.9% during the fourth quarter. RFG Advisory LLC now owns 26,935 shares of the company’s stock worth $520,000 after acquiring an additional 1,020 shares during the period. Geneos Wealth Management Inc. lifted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 1,274.0% in the 1st quarter. Geneos Wealth Management Inc. now owns 1,319 shares of the company’s stock valued at $26,000 after acquiring an additional 1,223 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 5.7% in the 1st quarter. NewEdge Advisors LLC now owns 23,811 shares of the company’s stock valued at $463,000 after acquiring an additional 1,277 shares in the last quarter.

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.