US Bancorp DE Increases Stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

US Bancorp DE boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 16,456 shares of the financial services provider’s stock after purchasing an additional 1,050 shares during the quarter. US Bancorp DE’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $256,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of FFC. Bard Associates Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 18.2% during the 3rd quarter. Bard Associates Inc. now owns 63,843 shares of the financial services provider’s stock valued at $1,048,000 after purchasing an additional 9,825 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 15.2% during the 3rd quarter. Thrivent Financial for Lutherans now owns 52,374 shares of the financial services provider’s stock valued at $859,000 after acquiring an additional 6,891 shares during the period. PNC Financial Services Group Inc. lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 151.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 55,882 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 33,682 shares during the period. HighTower Advisors LLC lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 238.3% during the 3rd quarter. HighTower Advisors LLC now owns 78,343 shares of the financial services provider’s stock valued at $1,281,000 after acquiring an additional 55,185 shares during the period. Finally, Stifel Financial Corp lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% during the 3rd quarter. Stifel Financial Corp now owns 136,754 shares of the financial services provider’s stock valued at $2,244,000 after acquiring an additional 112,386 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

FFC opened at $15.91 on Friday. The company’s 50-day simple moving average is $15.95 and its two-hundred day simple moving average is $15.99. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.72 and a 52-week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be paid a $0.092 dividend. This represents a $1.10 annualized dividend and a dividend yield of 6.94%. The ex-dividend date of this dividend is Wednesday, April 23rd.

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.