Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA)
| Market Value | 1.06B |
| Revenue (ttm) | n/a |
| Net Income (ttm) | n/a |
| Shares Out | 55.27M |
| EPS (ttm) | n/a |
| PE Ratio | n/a |
| Forward PE | n/a |
| Dividend | $1.61 (8.35%) |
| Ex-Dividend Date | Dec 10, 2024 |
| Volume | 272,157 |
| Open | 19.05 |
| Previous Close | 19.17 |
| Day's Range | 19.05 - 19.29 |
| 52-Week Range | 17.88 - 21.28 |
| Beta | 0.62 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PTA
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. ... [Read more]
News
PTA: Discount Narrows But Fund Positioned To Benefit From Lower Rates
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund provides investors exposure to a portfolio of preferred and other income-focused securities. PTA looks better in a lower-rate environ...
PTA: This CEF Spent Down Its Cash Position To Profit From The Preferred Rally
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund offers a 7.68% yield, higher than the major fixed-income indices, which provides substantial income for investors. Despite a 16.7...
PTA And FLC: Exposure To Preferred Securities And Monthly Distributions
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund and Flaherty & Crumrine Total Return Fund have been performing well as rates have stabalized. PTA has outperformed FLC in terms of to...
PTA: This Fund Could Be Vulnerable To A Market Correction
The Cohen & Steers Tax-adv Prd Sec and Inc. has a current yield of 8.78%, which is lower than some of its peers. The PTA closed-end fund's recent share price performance has been underwhelming, with a...
PTA: Remains A 'Buy' At An Attractive Valuation
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund remains an attractive place to invest in the preferred space. The fund has experienced volatility due to leverage and exposure to con...
My Top 10 Closed-End Fund Holdings: December 2023
I have a total of 41 positions in my closed-end fund portfolio, with the top ten positions making up 36.52% of the portfolio. We have four new names making their way to my top ten list since the prior...
PTA: Some Improvements, But Shares Are Not As Attractively Priced
Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund has an 8.65% current yield, but other fixed-income closed-end funds offer higher yields. The fund's shares have outperformed the fund...
PTA: Reasonable Price, But Questions About The Distribution
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund offers a high current yield of 9.05%, making it attractive to income-seeking investors. The fund has increased its distribution i...
CEF Report August 2023: Taxables Get Bought And Are Not Very Compelling, Munis Look Best
Taxable closed-end fund discounts have narrowed, reducing their attractiveness, while credit spreads have tightened, producing returns in some areas of the CEF market. Municipal CEFs remain exceptiona...
CEF Weekly Review: 'Interest Rates' Don't Exist
We review CEF market valuation and performance through the third week of July and highlight recent market action. CEFs continued to rally in July, buoyed by a soft landing narrative.
PTA: Attractive Discount With A Brighter Looking Future
Cohen & Steers Tax-adv Prd Sec and Inc is recovering from the banking crisis and offers the potential for decent performance due to its valuation. The fund has hedged against rising rates using intere...
PTA: Sticking With This 9.4% - Yielding CEF For Preferreds Exposure
PTA has recently released its semi-annual shareholder report and we take the opportunity to provide an update. PTA net income has fallen along with nearly all other credit CEFs. However, what GAAP inc...
CEF Weekly Review: Inverted Yield Curve Is Not Doing Leveraged CEFs Any Favors
We review CEF market valuation and performance through the last week of June and highlight recent market action. CEFs had a great week, finishing June in strong form with higher-beta sectors in the le...
CEF Weekly Review: Sell In May Worked This Time
We review CEF market valuation and performance through the first week of June and highlight recent market action. CEFs finished in a strong fashion, partly reversing the weakness over May. With a weak...
PTA And PFO: 2 Preferred Closed-End Funds Trading At Attractive Discounts
Preferred closed-end funds have been negatively impacted due to rising interest rates; then, the bank collapses pushed them down even further. When things are most negative, that can be the time when ...
CEF Weekly Review: Bank Wobble Drives Deleveraging In Some Preferreds CEFs
We review CEF market valuation and performance through the third week of April and highlight recent market action. The CEF market was mostly down as interest rates and credit spreads rose over the wee...
Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater
Preferreds Opportunity: Assessing The Carnage, What's Been Thrown Out With The Bathwater
CEF Weekly Review: The Key Difference Between Accounting Income And Cash Flow
We review CEF market valuation and performance through the first week of April and highlight recent market action. CEFs had a fairly flat week with higher-quality / longer-duration sectors outperformi...
Market Volatility Opens Up More CEF Relative Value Opportunities
Recent market volatility has opened up valuation divergences between very similar CEFs, creating opportunities for switches or outright holds. This offers income investors an opportunity to pick up ad...
Preferred Closed-End Funds: Out Of The Frying Pan Into The Fire
Today, I wanted to take a broader look at the preferred closed-end fund space. After struggling for most of the last year due to rapidly-rising interest rates, the latest banking failures sent preferr...
PTA: This CEF Is Generally Attractive, But The Declining Assets Are Concerning
Investors are in desperate need of income due to the incredibly high rate of inflation in the American economy. Cohen & Steers Tax-adv Prd Sec and Inc invests in a portfolio of preferred stocks and bo...
Preferred CEF Update: Global Bank Crisis Takes A Toll On The Sector
Bank failures in the U.S. and elsewhere have caused air pockets in parts of the preferreds market. We take a look at the impact of recent developments on the sector, including the price action in AT1s...
4 Closed-End Fund Buys In The Month Of February 2023
After a strong January, the markets have taken a turn lower for the month of February. While a general pause could be warranted after such a run, strong economic data and inflation sent the markets lo...
CEF Weekly Review: Don't Always Believe Fund Website Distribution Sources
We review CEF market valuation and performance through the second week of February and highlight recent market action. Nearly all CEF sectors were down on the week, as lower stocks and Treasuries were...
CEF Weekly Review: Shareholder Report Coverage Is Borderline Useless Now
We review CEF market valuation and performance through the fourth week of January and highlight recent market action. CEFs had another strong week with all but the highest-quality sectors rallying.