Flaherty&Crumrine Prfrd Scts Incm Fd (FFC) Hits New 52-Week High at $19.64

Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) shares reached a new 52-week high during trading on Thursday . The company traded as high as $19.64 and last traded at $19.61, with a volume of 844 shares trading hands. The stock had previously closed at $19.47.

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 24th will be paid a $0.112 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date is Tuesday, July 23rd.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FFC. American Financial Advisors LLC purchased a new position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd in the 4th quarter valued at approximately $10,374,000. Sit Investment Associates Inc. lifted its stake in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 2,732.5% in the 4th quarter. Sit Investment Associates Inc. now owns 424,872 shares of the financial services provider’s stock valued at $7,108,000 after purchasing an additional 409,872 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 29.5% in the 4th quarter. Cohen & Steers Inc. now owns 355,787 shares of the financial services provider’s stock valued at $5,952,000 after purchasing an additional 80,993 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd in the 1st quarter valued at approximately $1,378,000. Finally, Stifel Financial Corp purchased a new position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd in the 4th quarter valued at approximately $905,000.

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Flaherty&Crumrine Prfrd Scts Incm Fd Company Profile (NYSE:FFC)

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.

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