Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Breaks Below 200 Day Moving Average – Here’s Why

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) passed below its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $15.90 and traded as low as $14.83. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $14.9460, with a volume of 195,672 shares.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.2%

The business has a fifty day moving average price of $15.78 and a two-hundred day moving average price of $15.90.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Friday, October 23rd will be paid a $0.1046 dividend. The ex-dividend date of this dividend is Friday, October 23rd. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.4%.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of FFC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth approximately $47,000. Fifth Third Bancorp bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at approximately $118,000. Kestra Advisory Services LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 100.6% during the 1st quarter. Kestra Advisory Services LLC now owns 15,953 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 8,002 shares in the last quarter. International Assets Investment Management LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 19.6% during the 1st quarter. International Assets Investment Management LLC now owns 17,433 shares of the financial services provider’s stock valued at $272,000 after purchasing an additional 2,855 shares in the last quarter. Finally, Maridea Wealth Management LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter valued at $279,000.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE: FFC) is a closed-end investment fund managed by Flaherty & Crumrine Incorporated. The fund seeks to provide investors with high current income and, as a secondary objective, capital appreciation through a portfolio focused primarily on preferred securities and other income-producing investments.

Its holdings may include preferred stocks, hybrid securities and debt instruments issued by companies in sectors such as banking, insurance, utilities and other financial or corporate industries.