Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (NYSE:PTA – Get Free Report)’s share price crossed 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 changing hands.
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Price Performance
The stock’s 50 day simple moving average is $17.40 and its 200 day simple moving average is $18.77.
Institutional Trading of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund
A number of large investors have recently modified their holdings of the company. Atlas Wealth LLC purchased a new position in Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 3rd quarter worth $2,897,000. Fifth Third Bancorp purchased a new stake in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund in the 1st quarter worth $1,323,000. First Trust Advisors LP bought a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the 1st quarter worth $1,177,000. Pettinga Financial Advisors LLC grew its position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund by 61.0% during the 2nd quarter. Pettinga Financial Advisors LLC now owns 85,599 shares of the company’s stock worth $1,642,000 after buying an additional 32,435 shares in the last quarter. Finally, Riverbridge Partners LLC purchased a new position in shares of Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund during the third quarter valued at $465,000.
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund Company Profile
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.
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