Hennion & Walsh Asset Management Inc. Buys 63,860 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Hennion & Walsh Asset Management Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 53.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 184,214 shares of the financial services provider’s stock after acquiring an additional 63,860 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,861,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. International Assets Investment Management LLC increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% in the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after purchasing an additional 274,935 shares in the last quarter. Stifel Financial Corp increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the third quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock valued at $2,244,000 after buying an additional 112,386 shares during the period. Strategies Wealth Advisors LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $973,000. HighTower Advisors LLC raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 238.3% in the 3rd quarter. HighTower Advisors LLC now owns 78,343 shares of the financial services provider’s stock valued at $1,281,000 after buying an additional 55,185 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 151.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 55,882 shares of the financial services provider’s stock worth $917,000 after buying an additional 33,682 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

FFC opened at $15.85 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $13.72 and a fifty-two week high of $16.74. The company’s 50 day moving average price is $15.76 and its two-hundred day moving average price is $15.69.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 6.9%.

Flaherty & Crumrine Preferred Securities Income Fund Profile

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.