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

Smith Moore & CO. lifted its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 62.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,064 shares of the financial services provider’s stock after acquiring an additional 6,575 shares during the quarter. Smith Moore & CO.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $265,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Jane Street Group LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at $173,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at about $173,000. Landscape Capital Management L.L.C. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth about $190,000. Independent Advisor Alliance acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $210,000. Finally, Pines Wealth Management LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at approximately $220,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $14.69 on Friday. The business has a 50 day simple moving average of $15.97 and a 200 day simple moving average of $15.97. 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 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 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.