Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Bought by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. grew its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 151.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 55,882 shares of the financial services provider’s stock after acquiring an additional 33,682 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $917,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of FFC. International Assets Investment Management LLC increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% during the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock valued at $4,786,000 after acquiring an additional 274,935 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 1st quarter valued at about $2,046,000. Strategies Wealth Advisors LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 3rd quarter valued at about $973,000. Logan Stone Capital LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at about $462,000. Finally, Hennion & Walsh Asset Management Inc. increased its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 34.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 120,354 shares of the financial services provider’s stock valued at $1,975,000 after acquiring an additional 30,723 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

FFC opened at $15.73 on Friday. The firm has a 50 day moving average price of $16.12 and a 200 day moving average price of $15.39. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $13.51 and a 1 year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, November 21st will be given a dividend of $0.092 per share. This represents a $1.10 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date is Thursday, November 21st. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

About Flaherty & Crumrine Preferred Securities Income Fund

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.