Commonwealth Equity Services LLC Sells 40,167 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Commonwealth Equity Services LLC trimmed its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 190,176 shares of the financial services provider’s stock after selling 40,167 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,953,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $3,115,000. Hennion & Walsh Asset Management Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 53.1% during 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 acquiring an additional 63,860 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the 3rd quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock worth $2,244,000 after acquiring an additional 112,386 shares during the last quarter. Sowell Financial Services LLC lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 4.2% in the 4th quarter. Sowell Financial Services LLC now owns 127,953 shares of the financial services provider’s stock valued at $1,987,000 after acquiring an additional 5,213 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 4.7% during the 4th quarter. Park Avenue Securities LLC now owns 90,024 shares of the financial services provider’s stock valued at $1,398,000 after purchasing an additional 4,022 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.14 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $13.72 and a 52 week high of $16.74. The business has a 50 day moving average price of $16.00 and a 200-day moving average price of $16.00.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a dividend of $0.092 per share. This represents a $1.10 annualized dividend and a yield of 6.84%. The ex-dividend date of this dividend 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.