Sound Income Strategies LLC Has $538,000 Stock Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Sound Income Strategies LLC lowered its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Get Rating) by 18.7% in the fourth quarter, HoldingsChannel reports. The fund owned 35,812 shares of the financial services provider’s stock after selling 8,257 shares during the period. Sound Income Strategies LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $538,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of FFC. Raymond James & Associates boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 24.8% during the 1st quarter. Raymond James & Associates now owns 71,813 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 14,249 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 43,548 shares of the financial services provider’s stock valued at $857,000 after buying an additional 1,342 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,895 shares of the financial services provider’s stock valued at $824,000 after buying an additional 1,368 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter valued at approximately $232,000. Finally, Baird Financial Group Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 75.4% in the 1st quarter. Baird Financial Group Inc. now owns 24,529 shares of the financial services provider’s stock valued at $483,000 after buying an additional 10,541 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 4.2 %

Shares of NYSE FFC traded down $0.62 during trading hours on Friday, hitting $14.00. The company had a trading volume of 140,418 shares, compared to its average volume of 131,881. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $13.62 and a 1-year high of $20.18. The firm’s 50 day moving average is $16.40 and its 200-day moving average is $15.77.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 24th will be issued a $0.093 dividend. This represents a $1.12 annualized dividend and a dividend yield of 7.97%. The ex-dividend date of this dividend is Thursday, March 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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Flaherty & Crumrine Preferred & Income Securities Fund, Inc is a mutual fund, closed-end investment. Its objective is to provide high current income for holders of its common stock consistent with preservation of capital. The company was founded on May 23, 2002 and is headquartered in Pasadena, CA.