Elevated Capital Advisors LLC Has $2.08 Million Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Elevated Capital Advisors LLC trimmed its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 133,918 shares of the financial services provider’s stock after selling 1,890 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the 3rd quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after buying an additional 1,500 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $449,000. Envestnet Asset Management Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after purchasing an additional 28,492 shares in the last quarter. Stifel Financial Corp raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% during 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 last quarter. Finally, Atomi Financial Group Inc. lifted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.8% in the third quarter. Atomi Financial Group Inc. now owns 27,900 shares of the financial services provider’s stock valued at $458,000 after buying an additional 2,500 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.3 %

Shares of NYSE FFC traded down $0.05 during mid-day trading on Monday, reaching $15.67. 138,371 shares of the company’s stock traded hands, compared to its average volume of 114,797. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $13.72 and a 1-year high of $16.74. The business has a 50-day simple moving average of $15.78 and a 200 day simple moving average of $15.67.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a $0.0325 dividend. This represents a dividend yield of 6.9%. The ex-dividend date of this dividend is Friday, January 24th.

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.