Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC Stock: International Assets Investment Management LLC Raises Stake

International Assets Investment Management LLC increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 10,936.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,954,158 shares of the financial services provider’s stock after acquiring an additional 1,936,451 shares during the quarter. International Assets Investment Management LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $29,195,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in FFC. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 472,352 shares of the financial services provider’s stock valued at $7,690,000 after purchasing an additional 47,574 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.7% during the 3rd quarter. Park Avenue Securities LLC now owns 81,285 shares of the financial services provider’s stock worth $1,214,000 after buying an additional 1,368 shares during the period. Smith Asset Management Co. LLC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 1.2% in the 3rd quarter. Smith Asset Management Co. LLC now owns 75,792 shares of the financial services provider’s stock valued at $1,132,000 after buying an additional 876 shares during the last quarter. Noble Wealth Management PBC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 77.8% in the 2nd quarter. Noble Wealth Management PBC now owns 72,317 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 31,655 shares during the last quarter. Finally, Calamos Advisors LLC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 13.5% in the 1st quarter. Calamos Advisors LLC now owns 38,260 shares of the financial services provider’s stock valued at $593,000 after buying an additional 4,555 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $14.70 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $14.26 and a twelve month high of $16.95. The company’s 50-day moving average price is $15.17 and its two-hundred day moving average price is $15.91.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 30th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.1046 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date is Friday, November 20th.

Flaherty & Crumrine Preferred Securities Income Fund Profile

Flaherty & Crumrine Preferred Securities Income Fund, Inc (NYSE:FFC) is a closed-end investment company that seeks to provide investors with a high level of current income, while pursuing capital appreciation as a secondary objective.

The fund invests primarily in preferred securities and other income-producing securities. Its portfolio may include securities issued by companies in sectors such as financial services, utilities and telecommunications, with investments selected based on factors including credit quality, income potential and market conditions.

FFC is advised by Flaherty & Crumrine Incorporated, an investment management firm specializing in preferred securities and related income-oriented investments.