Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.22 and traded as low as $15.96. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.0340, with a volume of 68,628 shares traded.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.0%

The company has a 50 day moving average of $15.98 and a two-hundred day moving average of $16.22.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

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

About Flaherty & Crumrine Preferred Securities Income Fund

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.