Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Bought by Sage Capital Advisors llc

Sage Capital Advisors llc boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,168 shares of the financial services provider’s stock after buying an additional 1,025 shares during the quarter. Sage Capital Advisors llc’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $446,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 1st quarter valued at about $51,000. Comerica Bank boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,585 shares during the period. Future Financial Wealth Managment LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at $104,000. Jacobi Capital Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.1% during the first quarter. Jacobi Capital Management LLC now owns 13,195 shares of the financial services provider’s stock worth $196,000 after buying an additional 1,100 shares in the last quarter. Finally, Nomura Holdings Inc. acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $187,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.7 %

NYSE FFC opened at $16.36 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $11.90 and a 52 week high of $16.74. The firm has a 50 day moving average of $15.78 and a two-hundred day moving average of $14.98.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be paid a $0.0897 dividend. The ex-dividend date is Thursday, October 24th. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.08 dividend on an annualized basis and a yield of 6.58%.

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.