1607 Capital Partners LLC Has $5.62 Million Stock Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

1607 Capital Partners LLC cut its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 9.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 340,251 shares of the financial services provider’s stock after selling 35,099 shares during the quarter. 1607 Capital Partners LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $5,618,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiera Capital Corp acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $1,673,000. Bard Associates Inc. increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 91.8% in the third quarter. Bard Associates Inc. now owns 854,839 shares of the financial services provider’s stock valued at $14,438,000 after buying an additional 409,199 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 6.3% in the third quarter. Envestnet Asset Management Inc. now owns 519,977 shares of the financial services provider’s stock valued at $8,782,000 after buying an additional 30,697 shares in the last quarter. First Heartland Consultants Inc. increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 33.0% in the third quarter. First Heartland Consultants Inc. now owns 15,452 shares of the financial services provider’s stock valued at $261,000 after buying an additional 3,832 shares in the last quarter. Finally, Everstar Asset Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 5.4% in the fourth quarter. Everstar Asset Management LLC now owns 50,473 shares of the financial services provider’s stock valued at $813,000 after buying an additional 2,573 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of NYSE:FFC opened at $15.97 on Thursday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $14.98 and a twelve month high of $17.00. The business has a fifty day moving average of $15.98 and a 200-day moving average of $16.25.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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 issued a $0.1025 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a yield of 7.7%.

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.