Capital Analysts LLC Takes $123,000 Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Capital Analysts LLC bought a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,834 shares of the financial services provider’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FFC. Raymond James & Associates raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 24.8% in the 1st quarter. Raymond James & Associates now owns 71,813 shares of the financial services provider’s stock worth $1,413,000 after purchasing an additional 14,249 shares during the period. Raymond James Financial Services Advisors Inc. raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 43,548 shares of the financial services provider’s stock worth $857,000 after purchasing an additional 1,342 shares during the period. Cambridge Investment Research Advisors Inc. raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.4% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 41,895 shares of the financial services provider’s stock worth $824,000 after purchasing an additional 1,368 shares during the period. HighTower Advisors LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth about $232,000. Finally, Baird Financial Group Inc. raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 75.4% in the 1st quarter. Baird Financial Group Inc. now owns 24,529 shares of the financial services provider’s stock worth $483,000 after purchasing an additional 10,541 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC stock opened at $13.97 on Friday. The company’s 50-day simple moving average is $14.49 and its two-hundred day simple moving average is $13.84. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $11.90 and a one year high of $14.96.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.