Gilliland Jeter Wealth Management LLC Buys Shares of 10,523 Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Gilliland Jeter Wealth Management LLC bought 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 fund bought 10,523 shares of the financial services provider’s stock, valued at approximately $146,000.

Other large investors also recently added to or reduced their stakes in the company. Capital Analysts LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $123,000. Fortune Financial Advisors LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $130,000. Whitener Capital Management Inc. acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at $146,000. CTC Alternative Strategies Ltd. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $149,000. Finally, Kestra Private Wealth Services LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 23.0% during the third quarter. Kestra Private Wealth Services LLC now owns 15,624 shares of the financial services provider’s stock worth $203,000 after acquiring an additional 2,926 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Shares of NYSE:FFC traded up $0.09 during midday trading on Friday, hitting $14.01. 87,939 shares of the stock were exchanged, compared to its average volume of 150,639. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $11.90 and a 52-week high of $14.96. The business’s fifty day simple moving average is $14.47 and its two-hundred day simple moving average is $13.90.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a dividend of $0.088 per share. This represents a $1.06 annualized dividend and a dividend yield of 7.54%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08. The ex-dividend date of this dividend is Wednesday, May 22nd.

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.