Noble Wealth Management PBC Purchases New Shares in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Noble Wealth Management PBC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 70,850 shares of the financial services provider’s stock, valued at approximately $1,100,000.

A number of other institutional investors have also made changes to their positions in the business. US Bancorp DE increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the third 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 during the period. Janney Montgomery Scott LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth about $246,000. Sanctuary Advisors LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $449,000. Jane Street Group LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $173,000. Finally, Stifel Financial Corp increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% in the third quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock worth $2,244,000 after purchasing an additional 112,386 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.0 %

Shares of FFC stock opened at $16.11 on Friday. The stock has a 50-day moving average price of $15.87 and a 200 day moving average price of $15.94. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12 month low of $13.72 and a 12 month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.092 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 dividend on an annualized basis and a yield of 6.85%.

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.