Ceera Investments LLC Makes New $394,000 Investment in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Ceera Investments LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,170 shares of the financial services provider’s stock, valued at approximately $394,000.

Other large investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 11.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 17,631 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 1,790 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 19.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 431,807 shares of the financial services provider’s stock valued at $6,879,000 after purchasing an additional 70,716 shares in the last quarter. MassMutual Private Wealth & Trust FSB acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth $58,000. Whitener Capital Management Inc. grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 8.9% during the 2nd quarter. Whitener Capital Management Inc. now owns 23,785 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 1,945 shares in the last quarter. Finally, Stratos Wealth Partners LTD. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter worth $478,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of FFC stock opened at $16.80 on Monday. The firm has a fifty day moving average of $16.63 and a two-hundred day moving average of $16.19. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $14.20 and a 1-year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, November 28th. Shareholders of record on Thursday, November 20th will be paid a dividend of $0.0977 per share. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Thursday, November 20th. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10.

About Flaherty & Crumrine Preferred Securities Income Fund

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.