Spence Asset Management Sells 1,450 Shares of Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC)

Spence Asset Management reduced its position in Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) by 47.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,624 shares of the financial services provider’s stock after selling 1,450 shares during the period. Spence Asset Management’s holdings in Flaherty&Crumrine Prfrd Scts Incm Fd were worth $31,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wedbush Securities Inc. lifted its position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 70.8% during the third quarter. Wedbush Securities Inc. now owns 19,697 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 8,162 shares during the last quarter. NINE MASTS CAPITAL Ltd bought a new position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd during the 3rd quarter valued at $1,193,000. Morgan Stanley raised its holdings in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 3.1% during the 3rd quarter. Morgan Stanley now owns 313,383 shares of the financial services provider’s stock valued at $5,710,000 after purchasing an additional 9,527 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Flaherty&Crumrine Prfrd Scts Incm Fd during the 3rd quarter valued at $252,000. Finally, Cohen & Steers Inc. raised its holdings in shares of Flaherty&Crumrine Prfrd Scts Incm Fd by 49.3% during the 3rd quarter. Cohen & Steers Inc. now owns 274,794 shares of the financial services provider’s stock valued at $5,007,000 after purchasing an additional 90,691 shares in the last quarter.

Shares of Flaherty&Crumrine Prfrd Scts Incm Fd stock traded down $0.08 during midday trading on Wednesday, reaching $19.21. 1,005 shares of the company’s stock traded hands, compared to its average volume of 133,212. Flaherty&Crumrine Prfrd Scts Incm Fd Inc has a 52 week low of $15.82 and a 52 week high of $19.45.

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Tuesday, April 23rd will be issued a dividend of $0.112 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $1.34 dividend on an annualized basis and a dividend yield of 7.00%.

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About Flaherty&Crumrine Prfrd Scts Incm Fd

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.

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Institutional Ownership by Quarter for Flaherty&Crumrine Prfrd Scts Incm Fd (NYSE:FFC)

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