Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC lessened its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 24.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 5,150 shares of the financial services provider’s stock after selling 1,700 shares during the period. Future Financial Wealth Managment LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $80,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth approximately $449,000. MCIA Inc grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 33.3% during the 3rd quarter. MCIA Inc now owns 88,997 shares of the financial services provider’s stock worth $1,414,000 after purchasing an additional 22,237 shares in the last quarter. Jane Street Group LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth about $173,000. Stifel Financial Corp raised its holdings in 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 valued at $2,244,000 after acquiring an additional 112,386 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in 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 worth $1,281,000 after acquiring an additional 55,185 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.6 %

Shares of NYSE:FFC traded down $0.10 during trading hours on Monday, reaching $15.62. The stock had a trading volume of 110,194 shares, compared to its average volume of 112,286. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $13.72 and a 1 year high of $16.74. The firm’s 50 day moving average is $15.78 and its 200-day moving average is $15.67.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 24th will be issued a dividend of $0.0325 per share. This represents a yield of 6.9%. The ex-dividend date is Friday, January 24th.

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.