National Planning Corp buys $5,174,114 stake in Flaherty&Crumrine Prfrd Scts Incm Fd Inc (FFC)

Flaherty&Crumrine Prfrd Scts Incm Fd Inc (FFC) : National Planning Corp scooped up 142,498 additional shares in Flaherty&Crumrine Prfrd Scts Incm Fd Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 236,910 shares of Flaherty&Crumrine Prfrd Scts Incm Fd Inc which is valued at $5,174,114.Flaherty&Crumrine Prfrd Scts Incm Fd Inc makes up approximately 0.40% of National Planning Corp’s portfolio.

Other Hedge Funds, Including , Private Advisor Group boosted its stake in FFC in the latest quarter, The investment management firm added 3,287 additional shares and now holds a total of 89,021 shares of Flaherty&Crumrine Prfrd Scts Incm Fd Inc which is valued at $1,944,219. Flaherty&Crumrine Prfrd Scts Incm Fd Inc makes up approx 0.08% of Private Advisor Group’s portfolio.Nwam reduced its stake in FFC by selling 1,671 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 176,388 shares of FFC which is valued at $3,836,439. Flaherty&Crumrine Prfrd Scts Incm Fd Inc makes up approx 1.47% of Nwam’s portfolio.Bb&t Securities boosted its stake in FFC in the latest quarter, The investment management firm added 3,786 additional shares and now holds a total of 49,040 shares of Flaherty&Crumrine Prfrd Scts Incm Fd Inc which is valued at $1,066,620. Flaherty&Crumrine Prfrd Scts Incm Fd Inc makes up approx 0.02% of Bb&t Securities’s portfolio.

Flaherty&Crumrine Prfrd Scts Incm Fd Inc opened for trading at $22.09 and hit $22.13 on the upside on Wednesday, eventually ending the session at $22.11, with a gain of 0.27% or 0.06 points. The heightened volatility saw the trading volume jump to 89,642 shares. Company has a market cap of $942 M.

Flaherty & Crumrine Preferred Securities Income Fund Incorporated (the Fund) is a United States-based diversified closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. Its investment portfolio consists of preferred securities which include banking financial services insurance utilities energy real estate investment trust (REIT) and miscellaneous industries; corporate debt securities which include banking financial services insurance energy communication and miscellaneous industries; common stock including banking and insurance; money market fund and total investments. Flaherty & Crumrine Incorporated serves as the Fund’s investment adviser.

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