Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC Stock Holdings Lifted by Bard Associates Inc.

Bard Associates Inc. increased its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 42.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,219,924 shares of the financial services provider’s stock after buying an additional 365,085 shares during the quarter. Flaherty & Crumrine Preferred Securities Income Fund accounts for approximately 5.2% of Bard Associates Inc.’s holdings, making the stock its 2nd biggest holding. Bard Associates Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $20,141,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Stolper Co increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.9% in the fourth quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock worth $549,000 after buying an additional 930 shares during the period. Ceera Investments LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the fourth quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock worth $532,000 after buying an additional 960 shares during the period. Sound Income Strategies LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,060 shares during the period. Janney Montgomery Scott LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,351 shares of the financial services provider’s stock worth $270,000 after buying an additional 1,356 shares during the period. Finally, Focus Partners Wealth increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.2% in the first quarter. Focus Partners Wealth now owns 91,632 shares of the financial services provider’s stock worth $1,460,000 after buying an additional 1,950 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.80 on Friday. The company’s fifty day simple moving average is $15.96 and its two-hundred day simple moving average is $16.26. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $14.98 and a 12-month high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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

About Flaherty & Crumrine Preferred Securities Income Fund

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.