Noble Wealth Management PBC Acquires 31,655 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Noble Wealth Management PBC grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 77.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 72,317 shares of the financial services provider’s stock after buying an additional 31,655 shares during the period. Noble Wealth Management PBC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sound Income Strategies LLC boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 1,060 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $67,000. Larson Financial Group LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth $93,000. Fifth Third Bancorp bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth $118,000. Finally, Advisory Services Network LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth $120,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.3%

Shares of FFC opened at $16.18 on Tuesday. The firm’s 50-day moving average price is $16.06 and its 200-day moving average price is $16.15. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $14.98 and a 1-year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a $0.1046 dividend. The ex-dividend date is Friday, October 23rd. This represents a c) annualized dividend and a yield of 7.8%.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.