Wealth Enhancement Advisory Services LLC Reduces Stock Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Wealth Enhancement Advisory Services LLC lowered its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 51,415 shares of the financial services provider’s stock after selling 18,380 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in FFC. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $173,000. Cary Street Partners Financial LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $183,000. Landscape Capital Management L.L.C. purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $190,000. Independent Advisor Alliance purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $210,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $246,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $15.91 on Tuesday. The stock’s fifty day moving average price is $15.35 and its two-hundred day moving average price is $15.70. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $14.20 and a 1 year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

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

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.