Fiera Capital Corp Increases Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Fiera Capital Corp raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 72.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 170,617 shares of the financial services provider’s stock after buying an additional 71,584 shares during the period. Fiera Capital Corp’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,817,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bard Associates Inc. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 91.8% during the 3rd quarter. Bard Associates Inc. now owns 854,839 shares of the financial services provider’s stock valued at $14,438,000 after buying an additional 409,199 shares during the last quarter. Invesco Ltd. boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the second quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock worth $12,430,000 after purchasing an additional 82,477 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 6.3% in the third quarter. Envestnet Asset Management Inc. now owns 519,977 shares of the financial services provider’s stock worth $8,782,000 after purchasing an additional 30,697 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 8.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 369,316 shares of the financial services provider’s stock worth $6,097,000 after purchasing an additional 30,032 shares during the last quarter. Finally, Csenge Advisory Group boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 0.8% in the fourth quarter. Csenge Advisory Group now owns 320,310 shares of the financial services provider’s stock worth $5,288,000 after purchasing an additional 2,593 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 1.4%

Shares of FFC stock opened at $15.80 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12 month low of $14.98 and a 12 month high of $17.00. The company has a 50 day simple moving average of $15.93 and a two-hundred day simple moving average of $16.27.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be issued a dividend of $0.1025 per share. This represents a c) dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Friday, July 24th.

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.