Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund logo

Cohen & Steers Tax-Advantaged Preferred Securities and Income Fund (PTA)

Market Closed
16 Oct, 08:00 PM
NYSE NYSE
$
16. 80
-0.11
-0.6505%
$
946.83M Market Cap
1.61% Div Yield
237,500 Volume
$ 16.91
Previous Close
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Day Range
16.77 16.94
Year Range
16.66 20.21
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PTA And FLC: Exposure To Preferred Securities And Monthly Distributions

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.

Seekingalpha | 2 years ago