Fiera Capital Corp Acquires 71,584 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Fiera Capital Corp boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 72.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,617 shares of the financial services provider’s stock after buying an additional 71,584 shares during the period. Fiera Capital Corp’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sound Income Strategies LLC increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,060 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth about $67,000. Larson Financial Group LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth about $93,000. Advisory Services Network LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth about $120,000. Finally, Nomura Holdings Inc. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter worth about $163,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 1.4%

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.80 on Wednesday. The firm’s 50-day moving average is $15.93 and its 200 day moving average is $16.27. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $14.98 and a 1 year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.1025 per share. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.