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

Wealth Enhancement Advisory Services LLC lessened its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 7.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 64,795 shares of the financial services provider’s stock after selling 5,000 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,063,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in FFC. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $65,000. Future Financial Wealth Managment LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at about $112,000. Arkadios Wealth Advisors purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $168,000. Jane Street Group LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $173,000. Finally, US Bancorp DE boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,500 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC stock opened at $15.81 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 company has a 50 day moving average price of $15.77 and a 200 day moving average price 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. Shareholders of record on Friday, January 24th will be paid a $0.0325 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 6.9%.

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.