Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) crossed above its fifty day moving average during trading on Friday . The stock has a fifty 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 trading hands.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.5 %

The company’s fifty day moving average price is $15.79 and its two-hundred day moving average price is $15.61.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The company also recently announced a — dividend, which will be paid on Friday, January 31st. Investors 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 Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sanctuary Advisors LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $449,000. MCIA Inc raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 33.3% in the third quarter. MCIA Inc now owns 88,997 shares of the financial services provider’s stock valued at $1,414,000 after purchasing an additional 22,237 shares during the period. Jane Street Group LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $173,000. Stifel Financial Corp boosted its position in shares of 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 buying an additional 112,386 shares during the period. Finally, HighTower Advisors LLC grew its stake in shares of 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 valued at $1,281,000 after buying an additional 55,185 shares in 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.