Sit Investment Associates Inc. Invests $4.26 Million in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Sit Investment Associates Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 274,282 shares of the financial services provider’s stock, valued at approximately $4,260,000.

A number of other institutional investors and hedge funds have also bought and sold shares of FFC. Atria Wealth Solutions Inc. grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,283 shares of the financial services provider’s stock valued at $299,000 after buying an additional 662 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $246,000. Sanctuary Advisors LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth $449,000. Jane Street Group LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth $173,000. Finally, US Bancorp DE lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 6.8% during the fourth quarter. US Bancorp DE now owns 16,456 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 1,050 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 5.0 %

NYSE FFC opened at $14.69 on Friday. The stock has a 50-day moving average of $15.97 and a 200 day moving average of $15.97. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $13.72 and a one year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be given a $0.092 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 7.52%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.