PTA stock icon

Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund
PTA

$20.93
0%

Market Cap: $1.16B

 

About: COHEN & STEERS TAX-ADV PRD SEC AND INC is a non-diversified, closed-end management statutory trust. Its primary investment objective is high current income, and the Fund's secondary investment objective is capital appreciation.

0
Funds holding %
of 6,728 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 5

2% more funds holding

Funds holding: 42 [Q1] → 43 (+1) [Q2]

6% less repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 16

6.08% less ownership

Funds ownership: 26.15% [Q1] → 20.07% (-6.08%) [Q2]

22% less capital invested

Capital invested by funds: $282M [Q1] → $219M (-$62.9M) [Q2]

See Fund Rankings

Research analyst outlook

We haven’t received any recent analyst ratings for PTA.

See Analyst Rankings

Financial journalist opinion

Positive
Seeking Alpha
2 months ago
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
June was another month where we saw broader equities hitting new all-time highs. However, that participation was rather narrow as the mega-cap tech names led the way higher. This last month, I added to or initiated positions in five different closed-end fund names; I sold out of two positions this month.
5 Closed-End Fund Buys (And 2 Sells) In The Month Of June 2024
Positive
Seeking Alpha
3 months ago
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 total NAV and share price returns over the last three years thanks partly to being hedged. Both funds are leveraged and may benefit from future rate cuts, but it is FLC that could potentially see the greater rebound.
PTA And FLC: Exposure To Preferred Securities And Monthly Distributions
Negative
Seeking Alpha
5 months ago
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 decline of 0.97% since the previous article was published.
PTA: This Fund Could Be Vulnerable To A Market Correction
Positive
Seeking Alpha
7 months ago
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 convertible contingency securities, but its total NAV returns have held up well. PTA's distribution yield is 8.73%, but NII coverage is low and capital gains have not fully offset the decline in net investment income.
PTA: Remains A 'Buy' At An Attractive Valuation
Neutral
Seeking Alpha
8 months ago
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 update, but three were already positions that have simply grown to be larger allocations. Closed-end funds overall look to be a place of opportunity as discounts remain historically wide across both equity and fixed-income-focused funds.
My Top 10 Closed-End Fund Holdings: December 2023
Positive
Seeking Alpha
9 months ago
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's portfolio in recent months, but it is still trading at a discount. The fund failed to cover its distribution in the most recent reporting period, but it appears to be overcoming this problem lately.
PTA: Some Improvements, But Shares Are Not As Attractively Priced
See News Rankings