Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.62 and traded as low as $16.41. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.48, with a volume of 125,180 shares.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The business has a fifty day simple moving average of $16.64 and a two-hundred day simple moving average of $16.62.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FFC. Sound Income Strategies LLC increased its stake in shares of 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 worth $46,000 after purchasing an additional 1,060 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth about $67,000. Mather Group LLC. purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at about $79,000. Gridiron Partners LLC lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 229.1% during the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock valued at $82,000 after buying an additional 338,939 shares in the last quarter. Finally, Larson Financial Group LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at approximately $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.