Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Shares Cross Above 50 Day Moving Average – Time to Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $15.98 and traded as high as $16.22. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $16.1550, with a volume of 74,746 shares changing hands.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The stock’s fifty day moving average is $15.98 and its 200-day moving average is $16.41.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 24th will be issued a $0.1025 dividend. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Smith Asset Management Co. LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the fourth quarter. Smith Asset Management Co. LLC now owns 73,885 shares of the financial services provider’s stock worth $1,220,000 after buying an additional 908 shares during the period. Stolper Co boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 2.9% during the fourth quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock worth $549,000 after buying an additional 930 shares during the period. Ceera Investments LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 3.1% during the fourth quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock worth $532,000 after buying an additional 960 shares during the period. Sound Income Strategies LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the fourth quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock worth $46,000 after buying an additional 1,060 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 9.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,351 shares of the financial services provider’s stock worth $270,000 after buying an additional 1,356 shares during the period.

About Flaherty & Crumrine Preferred Securities Income Fund

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.