Sanctuary Advisors LLC Trims Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Sanctuary Advisors LLC trimmed its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 43.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,475 shares of the financial services provider’s stock after selling 12,543 shares during the period. Sanctuary Advisors LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FFC. Stifel Financial Corp grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the third quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock worth $2,244,000 after purchasing an additional 112,386 shares during the period. Hennion & Walsh Asset Management Inc. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 53.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 184,214 shares of the financial services provider’s stock worth $2,861,000 after purchasing an additional 63,860 shares during the period. HighTower Advisors LLC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 238.3% in the third quarter. HighTower Advisors LLC now owns 78,343 shares of the financial services provider’s stock worth $1,281,000 after purchasing an additional 55,185 shares during the period. Atomi Financial Group Inc. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 136.6% in the fourth quarter. Atomi Financial Group Inc. now owns 66,025 shares of the financial services provider’s stock worth $1,025,000 after purchasing an additional 38,125 shares during the period. Finally, Strategic Financial Concepts LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $579,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.7 %

Shares of FFC stock opened at $16.00 on Wednesday. The business’s fifty day moving average is $15.89 and its 200 day moving average is $15.97. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $13.72 and a twelve month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a $0.092 dividend. This represents a $1.10 annualized dividend and a yield of 6.90%. The ex-dividend date is Wednesday, April 23rd.

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.