Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC Shares Acquired by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 11.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 472,352 shares of the financial services provider’s stock after purchasing an additional 47,574 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $7,690,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Bard Associates Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 42.7% during the fourth 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 during the last quarter. Stifel Financial Corp lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 85.0% in the 4th quarter. Stifel Financial Corp now owns 258,846 shares of the financial services provider’s stock worth $4,274,000 after buying an additional 118,912 shares during the last quarter. Beacon Pointe Advisors LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth about $1,801,000. Invesco Ltd. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the 2nd quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock valued at $12,430,000 after buying an additional 82,477 shares during the period. Finally, Fiera Capital Corp boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% in the 4th quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock valued at $2,817,000 after buying an additional 71,584 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.6%

Shares of NYSE:FFC opened at $16.23 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $14.98 and a fifty-two week high of $17.00. The firm has a 50-day simple moving average of $16.08 and a 200 day simple moving average of $16.14.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be paid a $0.1046 dividend. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Friday, October 23rd.

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.