HighTower Advisors LLC Acquires 55,185 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

HighTower Advisors LLC raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 238.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,343 shares of the financial services provider’s stock after acquiring an additional 55,185 shares during the quarter. HighTower Advisors LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,281,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FFC. PNC Financial Services Group Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 151.7% during the third quarter. PNC Financial Services Group Inc. now owns 55,882 shares of the financial services provider’s stock worth $917,000 after purchasing an additional 33,682 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 15.2% during the third quarter. Thrivent Financial for Lutherans now owns 52,374 shares of the financial services provider’s stock worth $859,000 after purchasing an additional 6,891 shares in the last quarter. Bard Associates Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 18.2% during the third quarter. Bard Associates Inc. now owns 63,843 shares of the financial services provider’s stock worth $1,048,000 after purchasing an additional 9,825 shares in the last quarter. US Bancorp DE boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 10.8% during the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 24.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 69,795 shares of the financial services provider’s stock worth $1,145,000 after purchasing an additional 13,635 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of NYSE:FFC opened at $15.92 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12 month low of $13.70 and a 12 month high of $16.74. The company’s fifty day simple moving average is $15.99 and its 200 day simple moving average is $15.52.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 23rd will be issued a dividend of $0.0325 per share. The ex-dividend date of this dividend is Monday, December 23rd. This represents a dividend yield of 6.9%.

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.