HighTower Advisors LLC Acquires 55,185 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

HighTower Advisors LLC raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 238.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,343 shares of the financial services provider’s stock after acquiring an additional 55,185 shares during the period. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,281,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after buying an additional 1,500 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 20.1% in the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after buying an additional 28,492 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 23.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 89,631 shares of the financial services provider’s stock valued at $1,326,000 after buying an additional 17,178 shares during the period. Comerica Bank raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 1,585 shares in the last quarter. Finally, Raymond James & Associates raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% in the second quarter. Raymond James & Associates now owns 153,998 shares of the financial services provider’s stock worth $2,278,000 after purchasing an additional 5,407 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

NYSE:FFC opened at $15.92 on Tuesday. The firm has a 50-day moving average price of $15.99 and a 200 day moving average price of $15.52. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $13.70 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0325 per share. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, December 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.