Choreo LLC Increases Stock Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Choreo LLC grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 93.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,219 shares of the financial services provider’s stock after purchasing an additional 24,786 shares during the quarter. Choreo LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $794,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of FFC. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $65,000. Arkadios Wealth Advisors purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth approximately $168,000. Jane Street Group LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at $173,000. Pines Wealth Management LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth approximately $220,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at $246,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of NYSE:FFC opened at $15.98 on Monday. The company has a fifty day simple moving average of $15.81 and a 200 day simple moving average of $15.82. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $13.72 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be given a $0.092 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a yield of 6.91%.

Flaherty & Crumrine Preferred Securities Income Fund Profile

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.