Raymond James & Associates Has $2.73 Million Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Raymond James & Associates raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 7.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,060 shares of the financial services provider’s stock after acquiring an additional 12,062 shares during the quarter. Raymond James & Associates’ holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,725,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in FFC. Cetera Investment Advisers bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 1st quarter worth $2,046,000. Strategies Wealth Advisors LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $973,000. Logan Stone Capital LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth $462,000. Envestnet Asset Management Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after purchasing an additional 28,492 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 8.4% in the 2nd quarter. Csenge Advisory Group now owns 258,862 shares of the financial services provider’s stock valued at $3,829,000 after buying an additional 20,120 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE FFC opened at $15.91 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.04 and a 52-week high of $16.74. The business has a fifty day moving average of $16.22 and a two-hundred day moving average of $15.21.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.092 per share. This represents a $1.10 annualized dividend and a yield of 6.94%. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Thursday, November 21st.

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.