Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC decreased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 7.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,795 shares of the financial services provider’s stock after selling 5,000 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,063,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% during the third quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after purchasing an additional 274,935 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock worth $2,514,000 after buying an additional 28,492 shares during the last quarter. Raymond James & Associates raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.8% during the 3rd quarter. Raymond James & Associates now owns 166,060 shares of the financial services provider’s stock valued at $2,725,000 after buying an additional 12,062 shares during the period. Stifel Financial Corp lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the third quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock valued at $2,244,000 after acquiring an additional 112,386 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 34.3% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 120,354 shares of the financial services provider’s stock valued at $1,975,000 after acquiring an additional 30,723 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

FFC stock opened at $15.81 on Thursday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.72 and a 52-week high of $16.74. The business has a fifty day moving average of $15.77 and a two-hundred day moving average of $15.69.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.0325 per share. This represents a dividend yield of 6.9%. The ex-dividend date is Friday, January 24th.

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.