Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA) Stock Price Down 1% – Should You Sell?

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA)’s share price fell 1% during mid-day trading on Wednesday. The stock traded as low as $16.66 and last traded at $16.7440. 409,039 shares were traded during mid-day trading, an increase of 156% from the average daily volume of 159,483 shares. The stock had previously closed at $16.92.

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

The stock’s 50-day moving average is $17.98 and its 200-day moving average is $18.79.

Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Elevation Wealth Partners LLC acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 2nd quarter valued at $29,000. Cetera Investment Advisers grew its holdings in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 22.5% in the 1st quarter. Cetera Investment Advisers now owns 18,841 shares of the company’s stock worth $353,000 after purchasing an additional 3,456 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 2nd quarter worth about $68,000. RFG Advisory LLC increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 17.2% during the 1st quarter. RFG Advisory LLC now owns 31,556 shares of the company’s stock worth $591,000 after purchasing an additional 4,621 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 15.6% during 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 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 closed-end management investment company listed on the New York Stock Exchange under the symbol PTA. The fund is managed by Cohen & Steers Capital Management, an investment manager specializing in real assets and income-oriented strategies.

The fund seeks to provide current income that is generally exempt from regular federal income tax, with capital appreciation as a secondary objective. It invests primarily in preferred securities and other income-producing securities, including securities issued by companies in the financial services, utilities, telecommunications and other sectors.

PTA may invest in securities issued by companies in the United States and other countries, providing exposure to domestic and international income markets.