5,600 Shares in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC Purchased by Maryland Capital Advisors Inc.

Maryland Capital Advisors Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) during the 2nd quarter, Holdings Channel.com reports. The firm bought 5,600 shares of the financial services provider’s stock, valued at approximately $91,000.

Other large investors have also modified their holdings of the company. Hennion & Walsh Asset Management Inc. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 18.6% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 218,569 shares of the financial services provider’s stock worth $3,482,000 after purchasing an additional 34,355 shares during the period. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at about $153,000. Pines Wealth Management LLC raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 27.6% in the first quarter. Pines Wealth Management LLC now owns 17,884 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 3,871 shares during the period. Janney Montgomery Scott LLC raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 11.3% in the first quarter. Janney Montgomery Scott LLC now owns 17,631 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 1,790 shares during the period. Finally, Mather Group LLC. raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 25.2% in 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 during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.1%

Shares of NYSE:FFC opened at $16.96 on Monday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $14.20 and a one year high of $16.99. The business’s 50-day simple moving average is $16.37 and its 200 day simple moving average is $15.94.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd will be issued a dividend of $0.0958 per share. The ex-dividend date is Tuesday, September 23rd. This represents a c) annualized dividend and a yield of 6.8%.

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.