HighTower Advisors LLC Decreases Stock Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

HighTower Advisors LLC trimmed its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 72,254 shares of the financial services provider’s stock after selling 6,089 shares during the period. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FFC. Independent Advisor Alliance bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth approximately $210,000. Sowell Financial Services LLC grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 4.2% in the 4th quarter. Sowell Financial Services LLC now owns 127,953 shares of the financial services provider’s stock worth $1,987,000 after purchasing an additional 5,213 shares during the period. Raymond James Financial Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth approximately $3,115,000. Jacobi Capital Management LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 14.0% during the 4th quarter. Jacobi Capital Management LLC now owns 23,260 shares of the financial services provider’s stock valued at $361,000 after buying an additional 2,850 shares during the last quarter. Finally, Noble Wealth Management PBC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $1,100,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.9 %

NYSE FFC opened at $16.01 on Thursday. The company has a 50-day moving average price of $16.00 and a 200-day moving average price of $16.00. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $13.72 and a 52 week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a dividend of $0.092 per share. The ex-dividend date is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a yield of 6.90%.

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.