Fiera Capital Corp Purchases New Stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Fiera Capital Corp acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) during the third quarter, HoldingsChannel.com reports. The firm acquired 99,033 shares of the financial services provider’s stock, valued at approximately $1,673,000.

Several other large investors also recently added to or reduced their stakes in FFC. Gridiron Partners LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 229.1% in the 3rd quarter. Gridiron Partners LLC now owns 486,870 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 338,939 shares during the last quarter. Invesco Ltd. grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the second quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock valued at $12,430,000 after purchasing an additional 82,477 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 489,280 shares of the financial services provider’s stock valued at $7,970,000 after purchasing an additional 57,473 shares during the period. Hennion & Walsh Asset Management Inc. increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 16.0% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 339,284 shares of the financial services provider’s stock worth $5,731,000 after purchasing an additional 46,863 shares during the last quarter. Finally, Stolper Co purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $546,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.6%

NYSE:FFC opened at $16.67 on Friday. The company’s 50-day moving average is $16.63 and its two-hundred day moving average is $16.60. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $14.20 and a 1-year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be issued a $0.1005 dividend. The ex-dividend date is Thursday, April 23rd. This represents a c) dividend on an annualized basis and a yield of 7.2%.

Flaherty & Crumrine Preferred Securities Income Fund 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.