Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.33 and traded as low as $15.70. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $15.8250, with a volume of 77,432 shares trading hands.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.2%

The firm’s fifty day moving average price is $15.87 and its 200-day moving average price is $16.33.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a $0.1025 dividend. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 7.8%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FFC. Royal Bank of Canada boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.5% in the first quarter. Royal Bank of Canada now owns 163,821 shares of the financial services provider’s stock valued at $2,609,000 after acquiring an additional 7,121 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.2% in the first quarter. Focus Partners Wealth now owns 91,632 shares of the financial services provider’s stock valued at $1,460,000 after acquiring an additional 1,950 shares in the last quarter. Invesco Ltd. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% during the second quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock worth $12,430,000 after buying an additional 82,477 shares in the last quarter. Baird Financial Group Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.0% in the second quarter. Baird Financial Group Inc. now owns 158,715 shares of the financial services provider’s stock worth $2,585,000 after buying an additional 14,432 shares during the last quarter. Finally, Raymond James Financial Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% in the second quarter. Raymond James Financial Inc. now owns 207,465 shares of the financial services provider’s stock worth $3,380,000 after buying an additional 2,300 shares during the last quarter.

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.