Hennion & Walsh Asset Management Inc. Buys 46,863 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Hennion & Walsh Asset Management Inc. boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 16.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 339,284 shares of the financial services provider’s stock after buying an additional 46,863 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $5,731,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Ameritas Advisory Services LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the second quarter valued at $27,000. MassMutual Private Wealth & Trust FSB purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth about $58,000. Mather Group LLC. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at about $79,000. Gridiron Partners LLC grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 229.1% during the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 338,939 shares during the last quarter. Finally, Maryland Capital Advisors Inc. purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter worth about $91,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE FFC opened at $16.52 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $14.20 and a 1 year high of $17.00. The firm has a 50-day simple moving average of $16.62 and a two-hundred day simple moving average of $16.52.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be paid a dividend of $0.1005 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, January 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.