Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.33 and traded as low as $15.70. Flaherty & Crumrine Preferred Securities Income Fund shares last traded at $15.8250, with a volume of 77,432 shares.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

The company’s 50-day simple moving average is $15.87 and its 200-day simple moving average is $16.33.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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 paid 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 yield of 7.8%.

Hedge Funds Weigh In On Flaherty & Crumrine Preferred Securities Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FFC. Smith Asset Management Co. LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.2% during the 4th quarter. Smith Asset Management Co. LLC now owns 73,885 shares of the financial services provider’s stock valued at $1,220,000 after purchasing an additional 908 shares in the last quarter. Stolper Co raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 2.9% during the 4th quarter. Stolper Co now owns 33,250 shares of the financial services provider’s stock valued at $549,000 after purchasing an additional 930 shares in the last quarter. Ceera Investments LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.1% during the 4th quarter. Ceera Investments LLC now owns 32,240 shares of the financial services provider’s stock valued at $532,000 after purchasing an additional 960 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 61.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,783 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 1,060 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,351 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 1,356 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

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.