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

Choreo LLC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 93.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,219 shares of the financial services provider’s stock after buying an additional 24,786 shares during the period. Choreo LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of FFC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at $65,000. Arkadios Wealth Advisors purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth approximately $168,000. Jane Street Group LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth approximately $173,000. Pines Wealth Management LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth approximately $220,000. Finally, Janney Montgomery Scott LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $246,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC opened at $15.98 on Monday. The company’s 50 day simple moving average is $15.81 and its 200-day simple moving average is $15.82. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $13.72 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.092 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 6.91%.

Flaherty & Crumrine Preferred Securities Income Fund Profile

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.