Geneos Wealth Management Inc. Decreases Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Geneos Wealth Management Inc. lessened its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 14.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,635 shares of the financial services provider’s stock after selling 800 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $64,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in FFC. Cerity Partners LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth about $5,250,000. RPO LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $4,177,000. AQR Arbitrage LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $3,486,000. International Assets Investment Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 869.6% in the fourth quarter. International Assets Investment Management LLC now owns 198,265 shares of the financial services provider’s stock worth $2,756,000 after purchasing an additional 177,817 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 132.7% in the third quarter. Penserra Capital Management LLC now owns 258,356 shares of the financial services provider’s stock worth $3,350,000 after purchasing an additional 147,316 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.9 %

FFC opened at $13.95 on Wednesday. The firm has a 50-day moving average price of $14.50 and a 200-day moving average price of $13.83. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $11.90 and a twelve month high of $14.96.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be paid a $0.0838 dividend. The ex-dividend date is Monday, April 22nd. This represents a $1.01 annualized dividend and a dividend yield of 7.21%.

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.