37,272 Shares in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 37,272 shares of the financial services provider’s stock, valued at approximately $579,000.

Several other institutional investors also recently modified their holdings of the business. International Assets Investment Management LLC increased its stake in shares of 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 acquiring an additional 274,935 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 53.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 184,214 shares of the financial services provider’s stock worth $2,861,000 after acquiring an additional 63,860 shares in the last quarter. Raymond James & Associates increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.8% in the 3rd quarter. Raymond James & Associates now owns 166,060 shares of the financial services provider’s stock worth $2,725,000 after acquiring an additional 12,062 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 3rd quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock worth $2,244,000 after acquiring an additional 112,386 shares in the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.7% in the 4th quarter. Park Avenue Securities LLC now owns 90,024 shares of the financial services provider’s stock worth $1,398,000 after acquiring an additional 4,022 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $16.05 on Wednesday. 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 firm has a 50-day simple moving average of $15.81 and a two-hundred day simple moving average of $15.83.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.092 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 6.88%.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.