Raymond James & Associates Increases Stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Raymond James & Associates increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 592.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 145,754 shares of the financial services provider’s stock after acquiring an additional 124,706 shares during the period. Raymond James & Associates’ holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. ICA Group Wealth Management LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $39,000. FMR LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $39,000. Comerica Bank purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $43,000. Captrust Financial Advisors purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at $115,000. Finally, Fortune Financial Advisors LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $130,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

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

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

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

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.