Sowell Financial Services LLC Increases Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Sowell Financial Services LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 4.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 127,953 shares of the financial services provider’s stock after acquiring an additional 5,213 shares during the quarter. Sowell Financial Services LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Atria Wealth Solutions Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 662 shares during the last quarter. US Bancorp DE increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 6.8% in the fourth quarter. US Bancorp DE now owns 16,456 shares of the financial services provider’s stock valued at $256,000 after buying an additional 1,050 shares during the last quarter. Guyasuta Investment Advisors Inc. increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 16.0% in the fourth quarter. Guyasuta Investment Advisors Inc. now owns 18,150 shares of the financial services provider’s stock valued at $282,000 after buying an additional 2,500 shares during the last quarter. Jacobi Capital Management LLC increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 14.0% in the fourth quarter. Jacobi Capital Management LLC now owns 23,260 shares of the financial services provider’s stock valued at $361,000 after buying an additional 2,850 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 4.7% in the fourth quarter. Park Avenue Securities LLC now owns 90,024 shares of the financial services provider’s stock valued at $1,398,000 after buying an additional 4,022 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.93 on Monday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $13.72 and a fifty-two week high of $16.74. The business has a 50-day moving average price of $15.92 and a 200 day moving average price of $15.99.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a $0.092 dividend. This represents a $1.10 annualized dividend and a yield of 6.93%. The ex-dividend date is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.