Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Crosses Above 50-Day Moving Average – What’s Next?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $15.79 and traded as high as $15.90. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $15.83, with a volume of 110,070 shares.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The stock has a fifty day moving average price of $15.79 and a two-hundred day moving average price of $15.61.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The company also recently declared a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be given a dividend of $0.0325 per share. The ex-dividend date of this dividend is Friday, January 24th. This represents a dividend yield of 6.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth approximately $65,000. Future Financial Wealth Managment LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth $112,000. Arkadios Wealth Advisors purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at $168,000. Jane Street Group LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $173,000. Finally, US Bancorp DE increased its stake in Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the 3rd quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 1,500 shares in the last quarter.

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.