Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.06 and traded as high as $16.23. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.1030, with a volume of 114,617 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.3%

The stock has a 50-day moving average of $16.06 and a 200 day moving average of $16.15.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Several institutional investors have recently modified their holdings of FFC. Bard Associates Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 42.7% in the fourth quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock valued at $20,141,000 after buying an additional 365,085 shares during the period. Wells Fargo & Company MN grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% during the 4th quarter. Wells Fargo & Company MN now owns 946,149 shares of the financial services provider’s stock worth $15,621,000 after acquiring an additional 10,561 shares during the period. Invesco Ltd. grew its holdings 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 worth $12,430,000 after acquiring an additional 82,477 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.2% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 472,352 shares of the financial services provider’s stock valued at $7,690,000 after acquiring an additional 47,574 shares during the last quarter. Finally, Csenge Advisory Group raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 0.8% during the 4th quarter. Csenge Advisory Group now owns 320,310 shares of the financial services provider’s stock valued at $5,288,000 after acquiring an additional 2,593 shares during the last quarter.

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.