Everstar Asset Management LLC Has $818,000 Stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Everstar Asset Management LLC reduced its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 52,700 shares of the financial services provider’s stock after selling 4,400 shares during the quarter. Everstar Asset Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $818,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Atria Wealth Solutions Inc. raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock valued at $299,000 after buying an additional 662 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter valued at about $246,000. Sanctuary Advisors LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth approximately $449,000. Jane Street Group LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth approximately $173,000. Finally, US Bancorp DE grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 6.8% during the fourth quarter. US Bancorp DE now owns 16,456 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 1,050 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.3 %

FFC stock opened at $15.92 on Monday. The company has a 50 day moving average of $16.01 and a two-hundred day moving average of $16.00. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $13.72 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a dividend yield of 6.94%.

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.