Stifel Financial Corp Has $2.24 Million Stock Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Stifel Financial Corp increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 461.2% during the third quarter, Holdings Channel reports. The institutional investor owned 136,754 shares of the financial services provider’s stock after purchasing an additional 112,386 shares during the period. Stifel Financial Corp’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,244,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. US Bancorp DE grew its holdings 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 valued at $253,000 after buying an additional 1,500 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% during the 2nd 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. Wealth Enhancement Advisory Services LLC increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 19.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 56,160 shares of the financial services provider’s stock worth $831,000 after purchasing an additional 9,325 shares in the last quarter. Raymond James & Associates raised its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 3.6% in the second quarter. Raymond James & Associates now owns 153,998 shares of the financial services provider’s stock worth $2,278,000 after purchasing an additional 5,407 shares during the last quarter. Finally, Atomi Financial Group Inc. lifted its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 9.8% in the third quarter. Atomi Financial Group Inc. now owns 27,900 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 2,500 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.2 %

Shares of NYSE:FFC opened at $15.54 on Friday. The business’s 50 day moving average is $15.94 and its 200 day moving average is $15.54. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $13.72 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

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