Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.22 and traded as low as $15.96. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.0340, with a volume of 68,628 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.0%

The firm’s fifty day simple moving average is $15.98 and its 200 day simple moving average is $16.22.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be given a dividend of $0.1025 per share. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Friday, July 24th.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several large investors have recently bought and sold shares of FFC. Royal Bank of Canada lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 4.5% during the 1st quarter. Royal Bank of Canada now owns 163,821 shares of the financial services provider’s stock worth $2,609,000 after buying an additional 7,121 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.2% in the 1st quarter. Focus Partners Wealth now owns 91,632 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 1,950 shares during the last quarter. Invesco Ltd. raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 12.1% during the 2nd quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock worth $12,430,000 after acquiring an additional 82,477 shares in the last quarter. Baird Financial Group Inc. raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.0% during the 2nd quarter. Baird Financial Group Inc. now owns 158,715 shares of the financial services provider’s stock worth $2,585,000 after acquiring an additional 14,432 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% during the second quarter. Raymond James Financial Inc. now owns 207,465 shares of the financial services provider’s stock worth $3,380,000 after purchasing an additional 2,300 shares during the last quarter.

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.