Robinson Capital Management LLC increased its position in Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) by 264.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,000 shares of the financial services provider’s stock after acquiring an additional 15,230 shares during the period. Robinson Capital Management LLC’s holdings in Flaherty&Crumrine Prfrd Scts Incm Fd were worth $455,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FFC. Morgan Stanley raised its stake in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 4.4% during the 2nd quarter. Morgan Stanley now owns 306,447 shares of the financial services provider’s stock valued at $6,108,000 after buying an additional 12,909 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 41.6% during the 3rd quarter. Wedbush Securities Inc. now owns 31,892 shares of the financial services provider’s stock valued at $668,000 after buying an additional 9,368 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its stake in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 37.2% during the 3rd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 53,855 shares of the financial services provider’s stock valued at $1,128,000 after buying an additional 14,605 shares during the last quarter. BB&T Securities LLC raised its stake in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 5.3% during the 3rd quarter. BB&T Securities LLC now owns 44,053 shares of the financial services provider’s stock valued at $921,000 after buying an additional 2,220 shares during the last quarter. Finally, ACG Wealth purchased a new position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd during the 3rd quarter valued at about $605,000.

Shares of Flaherty&Crumrine Prfrd Scts Incm Fd stock traded down $0.05 on Friday, hitting $22.87. The company’s stock had a trading volume of 66,324 shares, compared to its average volume of 102,143. Flaherty&Crumrine Prfrd Scts Incm Fd Inc has a 1 year low of $18.20 and a 1 year high of $23.19. The firm has a fifty day moving average price of $22.20 and a 200-day moving average price of $21.26.

The firm also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be paid a $0.112 dividend. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $1.34 annualized dividend and a dividend yield of 5.88%.

Flaherty&Crumrine Prfrd Scts Incm Fd Company Profile

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.

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Institutional Ownership by Quarter for Flaherty&Crumrine Prfrd Scts Incm Fd (NYSE:FFC)

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