Raymond James & Associates Acquires 124,706 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Raymond James & Associates increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 592.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 145,754 shares of the financial services provider’s stock after buying an additional 124,706 shares during the period. Raymond James & Associates’ holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,026,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Whitener Capital Management Inc. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 55.5% during the fourth quarter. Whitener Capital Management Inc. now owns 17,480 shares of the financial services provider’s stock worth $243,000 after buying an additional 6,240 shares during the last quarter. Invesco Ltd. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 29.7% in the third quarter. Invesco Ltd. now owns 621,450 shares of the financial services provider’s stock valued at $8,060,000 after purchasing an additional 142,244 shares in the last quarter. MGO One Seven LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $284,000. Lido Advisors LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $389,000. Finally, Atria Wealth Solutions Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 13.4% in the third quarter. Atria Wealth Solutions Inc. now owns 33,013 shares of the financial services provider’s stock valued at $428,000 after purchasing an additional 3,899 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.9 %

FFC opened at $13.95 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $11.90 and a 1-year high of $14.96. The company has a fifty day moving average price of $14.50 and a two-hundred day moving average price of $13.83.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Tuesday, April 23rd will be paid a $0.0838 dividend. This represents a $1.01 annualized dividend and a yield of 7.21%. The ex-dividend date is Monday, April 22nd.

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.