Strategic Financial Concepts LLC Acquires Shares of 37,272 Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Strategic Financial Concepts LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 37,272 shares of the financial services provider’s stock, valued at approximately $579,000.

A number of other institutional investors have also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% during the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock valued at $4,786,000 after acquiring an additional 274,935 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 53.1% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 184,214 shares of the financial services provider’s stock valued at $2,861,000 after acquiring an additional 63,860 shares during the last quarter. Raymond James & Associates boosted its holdings 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 acquiring an additional 12,062 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 461.2% during the 3rd 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, Park Avenue Securities LLC boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.7% during the 4th quarter. Park Avenue Securities LLC now owns 90,024 shares of the financial services provider’s stock valued at $1,398,000 after acquiring an additional 4,022 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.2 %

Shares of NYSE FFC opened at $16.05 on Wednesday. The firm’s 50-day moving average price is $15.81 and its 200-day moving average price is $15.83. 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.092 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Wednesday, April 23rd.

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.