Noble Wealth Management PBC Invests $1.10 Million in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Noble Wealth Management PBC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 70,850 shares of the financial services provider’s stock, valued at approximately $1,100,000.

Several other institutional investors also recently modified their holdings of FFC. Raymond James & Associates grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.8% during the 3rd quarter. Raymond James & Associates now owns 166,060 shares of the financial services provider’s stock worth $2,725,000 after buying an additional 12,062 shares during the period. International Assets Investment Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% during the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after buying an additional 274,935 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at approximately $168,000. Wealth Enhancement Advisory Services LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 24.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 69,795 shares of the financial services provider’s stock valued at $1,145,000 after purchasing an additional 13,635 shares during the period. Finally, US Bancorp DE grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the 3rd quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 1,500 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.0 %

Shares of FFC opened at $16.11 on Friday. The stock has a 50 day simple moving average of $15.87 and a 200 day simple moving average of $15.94. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.72 and a 52-week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm 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 dividend yield of 6.85%.

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.