Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Bought by Cary Street Partners Investment Advisory LLC

Cary Street Partners Investment Advisory LLC lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 18.0% during the fourth quarter, Holdings Channel reports. The firm owned 12,715 shares of the financial services provider’s stock after buying an additional 1,942 shares during the period. Cary Street Partners Investment Advisory LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $177,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in FFC. Gilliland Jeter Wealth Management LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth $146,000. Truist Financial Corp grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.8% during the fourth quarter. Truist Financial Corp now owns 102,204 shares of the financial services provider’s stock worth $1,421,000 after acquiring an additional 7,404 shares during the last quarter. Capital Analysts LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth about $123,000. CTC Alternative Strategies Ltd. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter valued at about $149,000. Finally, Consolidated Portfolio Review Corp boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 6.8% during the 4th quarter. Consolidated Portfolio Review Corp now owns 179,185 shares of the financial services provider’s stock valued at $2,491,000 after purchasing an additional 11,363 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE FFC opened at $14.22 on Thursday. The company has a 50-day moving average price of $14.48 and a two-hundred day moving average price of $13.95. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $11.90 and a 52 week high of $14.96.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a $0.088 dividend. This represents a $1.06 dividend on an annualized basis and a yield of 7.43%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08. The ex-dividend date is Wednesday, May 22nd.

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.