Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Bought by Jacobi Capital Management LLC

Jacobi Capital Management LLC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 14.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 23,260 shares of the financial services provider’s stock after acquiring an additional 2,850 shares during the period. Jacobi Capital Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $361,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% in the 4th quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 662 shares during the period. US Bancorp DE raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 6.8% in the 4th quarter. US Bancorp DE now owns 16,456 shares of the financial services provider’s stock valued at $256,000 after acquiring an additional 1,050 shares during the period. Guyasuta Investment Advisors Inc. raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 16.0% in the 4th quarter. Guyasuta Investment Advisors Inc. now owns 18,150 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 2,500 shares during the period. Park Avenue Securities LLC raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.7% in the 4th quarter. Park Avenue Securities LLC now owns 90,024 shares of the financial services provider’s stock valued at $1,398,000 after acquiring an additional 4,022 shares during the period. Finally, Calamos Advisors LLC raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 23.8% in the 4th quarter. Calamos Advisors LLC now owns 23,684 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 4,555 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.11 on Monday. The company’s 50 day simple moving average is $15.88 and its 200-day simple moving average is $15.95. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $13.72 and a 1 year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.092 per share. This represents a $1.10 annualized dividend and a yield of 6.85%. The ex-dividend date is Wednesday, April 23rd.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund Inc is a closed-ended balanced mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity and fixed income markets of the United States. It seeks to invest in securities of companies operating across diversified sectors.