International Assets Investment Management LLC Buys 1,936,451 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

International Assets Investment Management LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 10,936.1% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,954,158 shares of the financial services provider’s stock after buying an additional 1,936,451 shares during the quarter. International Assets Investment Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $29,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at $47,000. Fifth Third Bancorp acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at about $118,000. Oppenheimer & Co. Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at about $168,000. Kestra Advisory Services LLC lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 100.6% during the first quarter. Kestra Advisory Services LLC now owns 15,953 shares of the financial services provider’s stock worth $247,000 after purchasing an additional 8,002 shares during the period. Finally, Wedbush Securities Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth about $317,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.8%

FFC opened at $14.70 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $14.26 and a twelve month high of $16.95. The company has a 50-day simple moving average of $15.17 and a 200 day simple moving average of $15.91.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

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

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.

FFC is advised by Flaherty & Crumrine Incorporated, an investment management firm specializing in preferred securities and related income-oriented investments.