Noble Wealth Management PBC Purchases 31,655 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Noble Wealth Management PBC increased its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 77.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 72,317 shares of the financial services provider’s stock after purchasing an additional 31,655 shares during the period. Noble Wealth Management PBC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,177,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 163,821 shares of the financial services provider’s stock worth $2,609,000 after acquiring an additional 7,121 shares during the last quarter. Focus Partners Wealth boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 2.2% in the 1st quarter. Focus Partners Wealth now owns 91,632 shares of the financial services provider’s stock worth $1,460,000 after purchasing an additional 1,950 shares in the last quarter. Invesco Ltd. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% during the 2nd quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock valued at $12,430,000 after purchasing an additional 82,477 shares during the last quarter. Baird Financial Group Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.0% during the 2nd quarter. Baird Financial Group Inc. now owns 158,715 shares of the financial services provider’s stock valued at $2,585,000 after purchasing an additional 14,432 shares during the last quarter. Finally, Raymond James Financial Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% during the 2nd quarter. Raymond James Financial Inc. now owns 207,465 shares of the financial services provider’s stock valued at $3,380,000 after purchasing an additional 2,300 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.3%

Shares of NYSE FFC opened at $16.18 on Tuesday. The firm’s 50 day moving average price is $16.06 and its 200-day moving average price is $16.15. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $14.98 and a 52-week high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be given a dividend of $0.1046 per share. The ex-dividend date of this dividend is Friday, October 23rd. This represents a c) annualized dividend and a dividend yield of 7.8%.

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.