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

Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) passed 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 trading hands.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.8%

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

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Whitener Capital Management Inc. increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the 2nd quarter. Whitener Capital Management Inc. now owns 25,585 shares of the financial services provider’s stock worth $417,000 after buying an additional 800 shares during the period. Smith Asset Management Co. LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the 4th quarter. Smith Asset Management Co. LLC now owns 73,885 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 908 shares in the last quarter. Stolper Co boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 2.9% in the 4th quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock valued at $549,000 after buying an additional 930 shares during the period. Ceera Investments LLC boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.1% in the 4th quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after buying an additional 960 shares during the period. Finally, Sound Income Strategies LLC grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 1,060 shares in 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.