Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Passes Above 50-Day Moving Average – What’s Next?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $15.79 and traded as high as $15.90. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $15.83, with a volume of 110,070 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The stock has a 50-day moving average price of $15.79 and a 200 day moving average price of $15.61.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently disclosed a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a $0.0325 dividend. This represents a dividend yield of 6.9%. The ex-dividend date is Friday, January 24th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $65,000. Future Financial Wealth Managment LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $112,000. Arkadios Wealth Advisors acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $168,000. Jane Street Group LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $173,000. Finally, US Bancorp DE boosted its holdings in 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 acquiring an additional 1,500 shares during the last quarter.

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.