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

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $16.06 and traded as high as $16.23. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.1030, with a volume of 114,617 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

The company has a 50 day moving average price of $16.06 and a two-hundred day moving average price of $16.15.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.1046 per share. The ex-dividend date is Friday, October 23rd. This represents a c) dividend on an annualized basis and a yield of 7.8%.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 4.5% during the first quarter. Royal Bank of Canada now owns 163,821 shares of the financial services provider’s stock worth $2,609,000 after purchasing an additional 7,121 shares in the last quarter. Focus Partners Wealth lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 2.2% in the 1st quarter. Focus Partners Wealth now owns 91,632 shares of the financial services provider’s stock valued at $1,460,000 after buying an additional 1,950 shares in the last quarter. Invesco Ltd. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the 2nd quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock worth $12,430,000 after buying an additional 82,477 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 10.0% in the 2nd quarter. Baird Financial Group Inc. now owns 158,715 shares of the financial services provider’s stock worth $2,585,000 after buying an additional 14,432 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% in the 2nd quarter. Raymond James Financial Inc. now owns 207,465 shares of the financial services provider’s stock worth $3,380,000 after buying an additional 2,300 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.