Wolverine Asset Management LLC acquired a new position in Flaherty & Crumrine (NYSE:FFC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 15,715 shares of the financial services provider’s stock, valued at approximately $321,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its stake in shares of Flaherty & Crumrine by 12.8% during the third quarter. Wells Fargo & Company MN now owns 235,739 shares of the financial services provider’s stock valued at $5,045,000 after acquiring an additional 26,718 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Flaherty & Crumrine by 13.6% during the third quarter. Ameriprise Financial Inc. now owns 142,198 shares of the financial services provider’s stock valued at $3,043,000 after acquiring an additional 17,075 shares during the period. Aevitas Wealth Management Inc. acquired a new position in shares of Flaherty & Crumrine during the fourth quarter valued at $1,032,000. Family Firm Inc. lifted its stake in shares of Flaherty & Crumrine by 14.7% during the fourth quarter. Family Firm Inc. now owns 72,234 shares of the financial services provider’s stock valued at $1,478,000 after acquiring an additional 9,276 shares during the period. Finally, Clarus Wealth Advisors acquired a new position in shares of Flaherty & Crumrine during the fourth quarter valued at $256,000.
Shares of FFC traded up $0.08 during trading hours on Friday, hitting $18.98. 91,545 shares of the stock traded hands, compared to its average volume of 199,679. Flaherty & Crumrine has a 1-year low of $18.35 and a 1-year high of $22.44.
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Flaherty & Crumrine Profile
Flaherty & Crumrine Preferred Securities Income Fund Incorporated is a 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. It invests in a portfolio of preferred securities, such as taxable preferred securities and preferred stocks.
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