Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Shares Cross Below 200 Day Moving Average – Should You Sell?

Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred 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 Price Performance

The stock has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $16.33.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position 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 buying an additional 7,121 shares during the last quarter. Focus Partners Wealth lifted its position 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 buying an additional 1,950 shares during the last quarter. Invesco Ltd. lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the second 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 last quarter. Baird Financial Group Inc. lifted its position in shares of 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 valued at $2,585,000 after buying an additional 14,432 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of 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 valued at $3,380,000 after buying an additional 2,300 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.