Future Financial Wealth Managment LLC Decreases Stock Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Future Financial Wealth Managment LLC cut its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,150 shares of the financial services provider’s stock after selling 1,700 shares during the period. Future Financial Wealth Managment LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $80,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in FFC. International Assets Investment Management LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% in the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after purchasing an additional 274,935 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after acquiring an additional 28,492 shares during the period. Raymond James & Associates increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 7.8% during the 3rd quarter. Raymond James & Associates now owns 166,060 shares of the financial services provider’s stock valued at $2,725,000 after purchasing an additional 12,062 shares during the period. Stifel Financial Corp grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% during the 3rd quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock worth $2,244,000 after buying an additional 112,386 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in Flaherty & Crumrine Preferred Securities Income Fund by 34.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 120,354 shares of the financial services provider’s stock valued at $1,975,000 after buying an additional 30,723 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.6 %

NYSE:FFC traded down $0.10 during trading hours on Monday, hitting $15.62. 110,194 shares of the company were exchanged, compared to its average volume of 112,286. The company’s 50 day moving average price is $15.78 and its 200-day moving average price is $15.67. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.72 and a 52-week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The company also recently disclosed a — dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be paid a $0.0325 dividend. This represents a yield of 6.9%. The ex-dividend date is Friday, January 24th.

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.