15,841 Shares in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Acquired by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,841 shares of the financial services provider’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FFC. International Assets Investment Management LLC boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% in the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after acquiring an additional 274,935 shares during the period. Stifel Financial Corp boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the 3rd quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock worth $2,244,000 after acquiring an additional 112,386 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 53.1% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 184,214 shares of the financial services provider’s stock worth $2,861,000 after acquiring an additional 63,860 shares during the period. HighTower Advisors LLC boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 238.3% in the 3rd quarter. HighTower Advisors LLC now owns 78,343 shares of the financial services provider’s stock worth $1,281,000 after acquiring an additional 55,185 shares during the period. Finally, Atomi Financial Group Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 136.6% in the 4th quarter. Atomi Financial Group Inc. now owns 66,025 shares of the financial services provider’s stock worth $1,025,000 after acquiring an additional 38,125 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE FFC opened at $16.03 on Thursday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $13.72 and a fifty-two week high of $16.74. The business has a 50 day moving average price of $15.82 and a two-hundred day moving average price of $15.84.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a dividend of $0.092 per share. This represents a $1.10 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.