Stolper Co Buys New Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Stolper Co bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 32,320 shares of the financial services provider’s stock, valued at approximately $546,000.

A number of other hedge funds have also added to or reduced their stakes in FFC. Integrated Capital Management Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the 3rd quarter. Integrated Capital Management Inc. now owns 19,178 shares of the financial services provider’s stock worth $324,000 after buying an additional 596 shares in the last quarter. Jacobi Capital Management LLC lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 5.2% during the 1st quarter. Jacobi Capital Management LLC now owns 24,460 shares of the financial services provider’s stock valued at $390,000 after acquiring an additional 1,200 shares during the period. Ameritas Advisory Services LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at $27,000. Titleist Asset Management LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 7.7% during the first quarter. Titleist Asset Management LLC now owns 25,277 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 1,810 shares in the last quarter. Finally, Whitener Capital Management Inc. grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 8.9% in the second quarter. Whitener Capital Management Inc. now owns 23,785 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 1,945 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.1%

FFC opened at $16.60 on Friday. The company has a fifty day moving average price of $16.65 and a two-hundred day moving average price of $16.47. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $14.20 and a 1-year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be given a $0.1005 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, January 23rd.

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.