10,523 Shares in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Bought by Gilliland Jeter Wealth Management LLC

Gilliland Jeter Wealth Management LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 10,523 shares of the financial services provider’s stock, valued at approximately $146,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FFC. Raymond James & Associates boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 26.3% in the 3rd quarter. Raymond James & Associates now owns 21,048 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 4,380 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in Flaherty & Crumrine Preferred Securities Income Fund by 6.7% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 29,543 shares of the financial services provider’s stock worth $383,000 after buying an additional 1,845 shares in the last quarter. Arlington Capital Management Inc. bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth about $459,000. Fortune Financial Advisors LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth about $130,000. Finally, Park Avenue Securities LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter worth about $1,055,000.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.6 %

NYSE:FFC traded up $0.09 on Friday, hitting $14.01. 87,939 shares of the company’s stock were exchanged, compared to its average volume of 150,639. The firm has a 50-day moving average price of $14.47 and a 200-day moving average price of $13.90. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $11.90 and a 52 week high of $14.96.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be given a dividend of $0.088 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.08. This represents a $1.06 annualized dividend and a yield of 7.54%.

About Flaherty & Crumrine Preferred Securities Income Fund

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.