Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Sold by Sage Capital Advisors llc

Sage Capital Advisors llc lessened its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 14.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 23,301 shares of the financial services provider’s stock after selling 3,867 shares during the quarter. Sage Capital Advisors llc’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $362,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock worth $2,514,000 after purchasing an additional 28,492 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 5.3% in the second quarter. Thrivent Financial for Lutherans now owns 45,483 shares of the financial services provider’s stock worth $673,000 after buying an additional 2,295 shares during the last quarter. Logan Stone Capital LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter worth about $462,000. Strategies Wealth Advisors LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at approximately $973,000. Finally, Atomi Financial Group Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 9.8% in the third quarter. Atomi Financial Group Inc. now owns 27,900 shares of the financial services provider’s stock valued at $458,000 after acquiring an additional 2,500 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Flaherty & Crumrine Preferred Securities Income Fund stock traded down $0.05 during trading on Friday, reaching $15.77. The company had a trading volume of 54,348 shares, compared to its average volume of 106,393. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $13.72 and a 1-year high of $16.74. The firm’s 50-day simple moving average is $15.78 and its 200 day simple moving average is $15.65.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a $0.0325 dividend. The ex-dividend date is Friday, January 24th. This represents a yield of 6.9%.

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.