Sage Capital Advisors llc Lowers Stock Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Sage Capital Advisors llc lessened its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 14.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 23,301 shares of the financial services provider’s stock after selling 3,867 shares during the quarter. Sage Capital Advisors llc’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $362,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth $65,000. Future Financial Wealth Managment LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter valued at approximately $112,000. Arkadios Wealth Advisors purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth approximately $168,000. Jane Street Group LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter valued at approximately $173,000. Finally, US Bancorp DE raised its holdings 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 in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC stock traded down $0.05 on Friday, reaching $15.77. 54,348 shares of the stock were exchanged, compared to its average volume of 106,393. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $13.72 and a twelve month high of $16.74. The business’s 50 day moving average price is $15.78 and its 200 day moving average price is $15.65.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The firm also recently declared a — dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a $0.0325 dividend. This represents a yield of 6.9%. The ex-dividend date is Friday, January 24th.

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.