Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Holdings Lifted by Smith Moore & CO.

Smith Moore & CO. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 62.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,064 shares of the financial services provider’s stock after purchasing an additional 6,575 shares during the quarter. Smith Moore & CO.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Jane Street Group LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $173,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth approximately $173,000. Landscape Capital Management L.L.C. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at $190,000. Independent Advisor Alliance acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $210,000. Finally, Pines Wealth Management LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth $220,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 5.0 %

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $14.69 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $13.72 and a 12-month high of $16.74. The stock’s fifty day moving average is $15.97 and its 200-day moving average is $15.97.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.092 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a dividend yield of 7.52%.

Flaherty & Crumrine Preferred Securities Income Fund 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.