Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.98 and traded as high as $16.22. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.1550, with a volume of 74,746 shares trading hands.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.2%

The company has a fifty day moving average price of $15.98 and a two-hundred day moving average price of $16.41.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.1025 per share. This represents a c) annualized dividend and a dividend yield of 7.6%. The ex-dividend date is Friday, July 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Smith Asset Management Co. LLC boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the 4th quarter. Smith Asset Management Co. LLC now owns 73,885 shares of the financial services provider’s stock worth $1,220,000 after purchasing an additional 908 shares during the last quarter. Stolper Co grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.9% in the fourth quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 930 shares during the period. Ceera Investments LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the fourth quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 960 shares during the period. Sound Income Strategies LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,060 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,351 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 1,356 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.