Atria Wealth Solutions Inc. Sells 7,486 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Atria Wealth Solutions Inc. lessened its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 22.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,527 shares of the financial services provider’s stock after selling 7,486 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in FFC. Capital Analysts LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter valued at about $123,000. Whitener Capital Management Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth approximately $146,000. CTC Alternative Strategies Ltd. purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $149,000. Kestra Private Wealth Services LLC raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 23.0% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 15,624 shares of the financial services provider’s stock valued at $203,000 after buying an additional 2,926 shares during the last quarter. Finally, Raymond James & Associates boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 26.3% during the 3rd quarter. Raymond James & Associates now owns 21,048 shares of the financial services provider’s stock valued at $273,000 after buying an additional 4,380 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

FFC stock opened at $14.51 on Wednesday. The firm’s 50-day moving average price is $14.48 and its two-hundred day moving average price is $14.03. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $11.90 and a 12-month high of $14.96.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be issued a dividend of $0.088 per share. This represents a $1.06 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08.

Flaherty & Crumrine Preferred Securities Income Fund 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.