Cetera Investment Advisers Trims Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Cetera Investment Advisers cut its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 118,951 shares of the financial services provider’s stock after selling 5,018 shares during the quarter. Cetera Investment Advisers’ holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,847,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth about $173,000. Cary Street Partners Financial LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth about $183,000. Landscape Capital Management L.L.C. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at about $190,000. Independent Advisor Alliance purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at about $210,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at about $246,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of FFC stock opened at $15.75 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $14.20 and a one year high of $16.74. The company’s 50-day moving average is $15.44 and its 200 day moving average is $15.72.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 30th. Investors of record on Monday, May 26th will be given a dividend of $0.0939 per share. This represents a yield of 7.15%. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.09. The ex-dividend date is Friday, May 23rd.

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.