Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.30 and traded as low as $15.83. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $15.9140, with a volume of 166,736 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.1%

The company’s 50-day moving average is $15.89 and its two-hundred day moving average is $16.29.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be given a dividend of $0.1025 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 7.7%.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the company. Sound Income Strategies LLC increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,060 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth approximately $67,000. Larson Financial Group LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $93,000. Fifth Third Bancorp bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth approximately $118,000. Finally, Advisory Services Network LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $120,000.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.