Western Wealth Management LLC Trims Stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Western Wealth Management LLC reduced its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 8.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 35,579 shares of the financial services provider’s stock after selling 3,277 shares during the period. Western Wealth Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ameritas Advisory Services LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at approximately $58,000. Maryland Capital Advisors Inc. bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at approximately $91,000. Comerica Bank grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 70.0% in the first quarter. Comerica Bank now owns 8,615 shares of the financial services provider’s stock worth $137,000 after purchasing an additional 3,548 shares during the period. Finally, Silver Oak Securities Incorporated bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $203,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.59 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12 month low of $14.20 and a 12 month high of $17.00. The business has a fifty day simple moving average of $16.74 and a two-hundred day simple moving average of $16.32.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be given a dividend of $0.0977 per share. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Thursday, November 20th. This represents a c) dividend on an annualized basis and a yield of 7.1%.

About Flaherty & Crumrine Preferred Securities Income Fund

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.