Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Shares Cross Below 200-Day Moving Average – Here’s Why

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.17 and traded as low as $16.14. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.3240, with a volume of 88,311 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

The stock has a 50-day moving average price of $16.02 and a 200 day moving average price of $16.17.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFC. Bard Associates Inc. raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.7% in the 4th quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock valued at $20,141,000 after purchasing an additional 365,085 shares in the last quarter. Stifel Financial Corp increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 85.0% in the fourth quarter. Stifel Financial Corp now owns 258,846 shares of the financial services provider’s stock valued at $4,274,000 after buying an additional 118,912 shares during the last quarter. Beacon Pointe Advisors LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at $1,801,000. Invesco Ltd. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% during the 2nd 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 during the last quarter. Finally, Fiera Capital Corp lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 72.3% during the 4th quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock worth $2,817,000 after buying an additional 71,584 shares during the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

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.