PTA icon

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

Overview Fund Activity
20.74 USD
+0.04
0.19%
At close Updated Sep 18, 4:00 PM EDT
1 day
0.19%
5 days
0.73%
1 month
3.29%
3 months
6.25%
6 months
6.85%
Year to date
6.25%
1 year
0.29%
5 years
-17.04%
10 years
-17.04%
 

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.

Financials Asset Management
0
Funds holding %
of 7,463 funds
–
Analysts bullish %

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

6% more capital invested

Capital invested by funds: $231M [Q1] → $245M (+$14.4M) [Q2]

7% more repeat investments, than reductions

Existing positions increased: 16 | Existing positions reduced: 15

0.93% more ownership

Funds ownership: 21.48% [Q1] → 22.41% (+0.93%) [Q2]

8% less first-time investments, than exits

New positions opened: 11 | Existing positions closed: 12

4% less funds holding

Funds holding: 51 [Q1] → 49 (-2) [Q2]

See Fund Rankings

Financial journalist opinion

Positive
Seeking Alpha
14 days ago
PTA: Long Duration Could Weigh On Real Returns
Cohen & Steers Tax-adv Prd Sec and Inc offers a 7.95% yield, outperforming preferred stock indices but lagging some peer closed-end funds on income. The PTA fund's high duration and exposure to inflation risk make it less attractive than shorter-duration peers, especially in today's macro environment. PTA is trading at a 3.25% discount to NAV, but this is narrower than its historical average, so waiting for a wider discount may be prudent.
PTA: Long Duration Could Weigh On Real Returns
Positive
Seeking Alpha
3 months ago
PTA: Preferred And Fixed-Income Exposure Paying A Monthly Distribution
PTA offers an attractive 8.2% yield through monthly distributions, but its narrow discount keeps it at a 'Hold' for now. The fund has outperformed benchmarks since inception; however, it was in an asset class that hasn't seen strong results. Interest rate swaps have helped offset rising borrowing costs for the fund, but future rate cuts are looking limited, so we could see borrowing cost pressures.
PTA: Preferred And Fixed-Income Exposure Paying A Monthly Distribution
Positive
Seeking Alpha
5 months ago
PTA: Suffering From Rising Rates, But A Decent Preferred Fund
The Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund offers an 8.14% yield, higher than most fixed-income indices, making it attractive for income-seeking investors. Despite recent market turbulence, the fund has maintained its distribution and outperformed the preferred stock index, showcasing its resilience and effective management. The fund's cash position appears to have increased, which could be costing it some investment income versus keeping the money invested in preferred stocks.
PTA: Suffering From Rising Rates, But A Decent Preferred Fund
Neutral
Seeking Alpha
8 months ago
PTA: Discount Widens Out And Investment Policy Gets A Tweak
Since our last update, PTA's discount to NAV has widened, making it a more appealing investment for those seeking exposure to preferred and income-generating securities. The fund's recent pullback is the result of the overall greater volatility and the greater sensitivity that PTA has to interest rate changes, both long and short-term rates. PTA's investment policy has seen a change since our prior update that is effective in early 2025, but it remains to be seen how significant this might alter the fund.
PTA: Discount Widens Out And Investment Policy Gets A Tweak
Positive
Seeking Alpha
11 months ago
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 environment, and we've already seen the fund recovering meaningfully from its lows last year; total returns were helped even further by the discount narrowing. The fund provides investors with an attractive ~7.7% distribution rate and should see income coverage improve as the Fed cuts rates.
PTA: Discount Narrows But Fund Positioned To Benefit From Lower Rates
Positive
Seeking Alpha
11 months ago
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 16.77% decline in share price over three years, the fund's large distributions significantly boost total returns, showing the power of high yields. The fund's cash holdings fell significantly after October of last year, suggesting that it bought into the rally in preferred stock.
PTA: This CEF Spent Down Its Cash Position To Profit From The Preferred Rally
Positive
Seeking Alpha
1 year 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
1 year 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.
Negative
Seeking Alpha
1 year 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.
Positive
Seeking Alpha
1 year 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.
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