Bard Associates Inc. Acquires 9,825 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Bard Associates Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 18.2% during the third quarter, HoldingsChannel reports. The fund owned 63,843 shares of the financial services provider’s stock after purchasing an additional 9,825 shares during the quarter. Bard Associates Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,048,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in FFC. International Assets Investment Management LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% in the third quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock valued at $4,786,000 after buying an additional 274,935 shares during the period. Csenge Advisory Group boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 8.4% during the 2nd quarter. Csenge Advisory Group now owns 258,862 shares of the financial services provider’s stock worth $3,829,000 after buying an additional 20,120 shares in the last quarter. Envestnet Asset Management Inc. grew its position in shares of 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 worth $2,514,000 after buying an additional 28,492 shares during the period. Raymond James & Associates increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.8% in the 3rd quarter. Raymond James & Associates now owns 166,060 shares of the financial services provider’s stock valued at $2,725,000 after acquiring an additional 12,062 shares in the last quarter. Finally, Cetera Investment Advisers bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter worth $2,046,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $15.78 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12 month low of $13.32 and a 12 month high of $16.74. The firm has a fifty day simple moving average of $16.25 and a two-hundred day simple moving average of $15.30.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.092 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $1.10 annualized dividend and a yield of 7.00%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

Flaherty & Crumrine Preferred Securities Income Fund 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.