Western Wealth Management LLC Sells 22,210 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Western Wealth Management LLC reduced its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 22.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,362 shares of the financial services provider’s stock after selling 22,210 shares during the quarter. Western Wealth Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,075,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 24.8% during the first quarter. Raymond James & Associates now owns 71,813 shares of the financial services provider’s stock worth $1,413,000 after acquiring an additional 14,249 shares during the period. Raymond James Financial Services Advisors Inc. increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 43,548 shares of the financial services provider’s stock worth $857,000 after acquiring an additional 1,342 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.4% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 41,895 shares of the financial services provider’s stock worth $824,000 after acquiring an additional 1,368 shares during the period. HighTower Advisors LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter worth about $232,000. Finally, Baird Financial Group Inc. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 75.4% during the first quarter. Baird Financial Group Inc. now owns 24,529 shares of the financial services provider’s stock worth $483,000 after buying an additional 10,541 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.1 %

Shares of Flaherty & Crumrine Preferred Securities Income Fund stock opened at $13.95 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $11.90 and a 12-month high of $14.96. The firm’s 50-day moving average price is $14.49 and its two-hundred day moving average price is $13.84.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.088 per share. This represents a $1.06 dividend on an annualized basis and a yield of 7.57%. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08. The ex-dividend date is Friday, June 21st.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.