Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC Position Decreased by Gridiron Partners LLC

Gridiron Partners LLC lessened its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 69.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 150,531 shares of the financial services provider’s stock after selling 336,339 shares during the quarter. Flaherty & Crumrine Preferred Securities Income Fund comprises 1.4% of Gridiron Partners LLC’s investment portfolio, making the stock its 10th largest position. Gridiron Partners LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,485,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bard Associates Inc. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 91.8% in the third quarter. Bard Associates Inc. now owns 854,839 shares of the financial services provider’s stock valued at $14,438,000 after purchasing an additional 409,199 shares in the last quarter. Fiera Capital Corp purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $1,673,000. Invesco Ltd. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the 2nd quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock worth $12,430,000 after buying an additional 82,477 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 16.0% in the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 339,284 shares of the financial services provider’s stock worth $5,731,000 after buying an additional 46,863 shares during the last quarter. Finally, Stolper Co bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth $546,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 2.0%

NYSE FFC opened at $15.48 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $14.20 and a 52-week high of $17.00. The company has a fifty day moving average of $16.49 and a 200-day moving average of $16.59.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be given a dividend of $0.1005 per share. The ex-dividend date is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.