Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) crossed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $14.99 and traded as low as $14.82. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $14.85, with a volume of 243,813 shares.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The business’s 50-day moving average is $14.99 and its two-hundred day moving average is $15.83.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Shareholders of record on Friday, November 20th will be given a dividend of $0.1046 per share. The ex-dividend date is Friday, November 20th. This represents a $1.26 dividend on an annualized basis and a yield of 8.5%.

Institutional Trading of Flaherty & Crumrine Preferred Securities Income Fund

Hedge funds have recently made changes to their positions in the company. International Assets Investment Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10,936.1% during the third quarter. International Assets Investment Management LLC now owns 1,954,158 shares of the financial services provider’s stock worth $29,195,000 after acquiring an additional 1,936,451 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 11.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 472,352 shares of the financial services provider’s stock worth $7,690,000 after purchasing an additional 47,574 shares in the last quarter. Noble Wealth Management PBC raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 77.8% during the second quarter. Noble Wealth Management PBC now owns 72,317 shares of the financial services provider’s stock worth $1,177,000 after purchasing an additional 31,655 shares in the last quarter. Wedbush Securities Inc. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $317,000. Finally, Whitener Capital Management Inc. raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the second quarter. Whitener Capital Management Inc. now owns 25,585 shares of the financial services provider’s stock worth $417,000 after purchasing an additional 800 shares in the last quarter.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund, Inc. (NYSE:FFC) is a closed-end investment company that seeks to provide investors with a high level of current income, while pursuing capital appreciation as a secondary objective. The fund invests primarily in preferred securities and other income-producing securities. Its portfolio may include securities issued by companies in sectors such as financial services, utilities and telecommunications, with investments selected based on factors including credit quality, income potential and market conditions.