Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $15.60 and traded as high as $16.09. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.08, with a volume of 88,406 shares.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

The business has a 50-day moving average of $15.60 and a two-hundred day moving average of $15.72.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 24th will be given a dividend of $0.0939 per share. This represents a yield of 7.01%. The ex-dividend date of this dividend is Monday, June 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently added to or reduced their stakes in the company. Mather Group LLC. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 25.2% during the first quarter. Mather Group LLC. now owns 4,617 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 928 shares in the last quarter. Comerica Bank boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 70.0% during the first quarter. Comerica Bank now owns 8,615 shares of the financial services provider’s stock valued at $137,000 after purchasing an additional 3,548 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at approximately $153,000. Cary Street Partners Financial LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at approximately $183,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at approximately $190,000.

About Flaherty & Crumrine Preferred Securities Income Fund

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.