Integrated Capital Management Inc. Buys 877 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Integrated Capital Management Inc. boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,525 shares of the financial services provider’s stock after purchasing an additional 877 shares during the period. Integrated Capital Management Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. AQR Arbitrage LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $3,486,000. MGO One Seven LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 843.3% during the 4th quarter. MGO One Seven LLC now owns 206,261 shares of the financial services provider’s stock valued at $2,867,000 after acquiring an additional 184,394 shares during the period. International Assets Investment Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 869.6% during the 4th quarter. International Assets Investment Management LLC now owns 198,265 shares of the financial services provider’s stock valued at $2,756,000 after acquiring an additional 177,817 shares during the period. Penserra Capital Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 132.7% during the 3rd quarter. Penserra Capital Management LLC now owns 258,356 shares of the financial services provider’s stock valued at $3,350,000 after acquiring an additional 147,316 shares during the period. Finally, Gridiron Partners LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $2,023,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.5 %

Shares of FFC stock traded up $0.07 during mid-day trading on Friday, reaching $14.38. 76,702 shares of the company’s stock traded hands, compared to its average volume of 131,574. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12 month low of $11.90 and a 12 month high of $14.96. The firm has a 50 day moving average price of $14.40 and a two-hundred day moving average price of $14.33.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently announced a dividend, which was paid on Friday, May 31st. Investors of record on Thursday, May 23rd were paid a dividend of $0.088 per share. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.08. The ex-dividend date of this dividend was Wednesday, May 22nd. This represents a dividend yield of 7.19%.

Flaherty & Crumrine Preferred Securities Income Fund 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.