Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.56 and traded as high as $16.60. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.58, with a volume of 98,407 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The firm has a 50-day simple moving average of $16.56 and a 200 day simple moving average of $16.55.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be issued a dividend of $0.1005 per share. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Thursday, April 23rd.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

A number of large investors have recently bought and sold shares of FFC. Ameritas Advisory Services LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter valued at $27,000. Sound Income Strategies LLC increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,060 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter worth $67,000. Mather Group LLC. bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth $79,000. Finally, Larson Financial Group LLC purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at about $93,000.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.