Atria Wealth Solutions Inc. Decreases Stock Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Atria Wealth Solutions Inc. decreased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 22.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,527 shares of the financial services provider’s stock after selling 7,486 shares during the period. Atria Wealth Solutions Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $355,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in FFC. Capital Analysts LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at approximately $123,000. Whitener Capital Management Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at approximately $146,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at $149,000. Kestra Private Wealth Services LLC increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 23.0% in the third quarter. Kestra Private Wealth Services LLC now owns 15,624 shares of the financial services provider’s stock worth $203,000 after purchasing an additional 2,926 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 26.3% during the third quarter. Raymond James & Associates now owns 21,048 shares of the financial services provider’s stock valued at $273,000 after purchasing an additional 4,380 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE:FFC opened at $14.51 on Wednesday. The firm has a fifty day simple moving average of $14.48 and a two-hundred day simple moving average of $14.03. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $11.90 and a 52 week high of $14.96.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be given a $0.088 dividend. The ex-dividend date is Wednesday, May 22nd. This represents a $1.06 annualized dividend and a yield of 7.28%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08.

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.