International Assets Investment Management LLC Grows Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

International Assets Investment Management LLC boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 869.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 198,265 shares of the financial services provider’s stock after purchasing an additional 177,817 shares during the quarter. International Assets Investment Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,756,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 5.6% during the second quarter. Envestnet Asset Management Inc. now owns 14,017 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 745 shares in the last quarter. Sowell Financial Services LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 0.7% during the third quarter. Sowell Financial Services LLC now owns 117,556 shares of the financial services provider’s stock valued at $1,525,000 after purchasing an additional 760 shares in the last quarter. Creative Planning raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.7% during the fourth quarter. Creative Planning now owns 21,622 shares of the financial services provider’s stock valued at $325,000 after purchasing an additional 776 shares in the last quarter. MML Investors Services LLC raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 7.4% during the second quarter. MML Investors Services LLC now owns 11,424 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 789 shares in the last quarter. Finally, Raymond James & Associates raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the fourth quarter. Raymond James & Associates now owns 24,006 shares of the financial services provider’s stock valued at $361,000 after purchasing an additional 842 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.4 %

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $13.97 on Friday. The firm’s fifty day moving average is $14.49 and its 200 day moving average is $13.84. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $11.90 and a 52-week high of $14.96.

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.