Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Holdings Decreased by Truist Financial Corp

Truist Financial Corp decreased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 13.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,767 shares of the financial services provider’s stock after selling 1,820 shares during the quarter. Truist Financial Corp’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of FFC. Csenge Advisory Group boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 8.4% during the second quarter. Csenge Advisory Group now owns 258,862 shares of the financial services provider’s stock valued at $3,829,000 after purchasing an additional 20,120 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after purchasing an additional 28,492 shares during the last quarter. Raymond James & Associates boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 3.6% during the second quarter. Raymond James & Associates now owns 153,998 shares of the financial services provider’s stock valued at $2,278,000 after purchasing an additional 5,407 shares during the last quarter. Elevated Capital Advisors LLC boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 6.0% during the first quarter. Elevated Capital Advisors LLC now owns 138,529 shares of the financial services provider’s stock valued at $2,057,000 after purchasing an additional 7,843 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at $2,046,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

FFC opened at $16.30 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $11.90 and a 1 year high of $16.74. The stock has a fifty day moving average price of $16.05 and a 200 day moving average price of $15.07.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be given a dividend of $0.0897 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $1.08 dividend on an annualized basis and a yield of 6.60%.

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.