Park Avenue Securities LLC Purchases 1,121 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Park Avenue Securities LLC increased its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 90,991 shares of the financial services provider’s stock after buying an additional 1,121 shares during the period. Park Avenue Securities LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth $51,000. Comerica Bank boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the 1st quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock worth $79,000 after buying an additional 1,585 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth $104,000. Capital Analysts LLC purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth $123,000. Finally, Avantax Advisory Services Inc. purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the 4th quarter worth $141,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC stock traded up $0.16 on Thursday, reaching $14.70. The stock had a trading volume of 25,946 shares, compared to its average volume of 135,861. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $11.90 and a 1 year high of $15.18. The company has a 50 day simple moving average of $14.71 and a 200 day simple moving average of $14.52.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, August 30th. Investors of record on Friday, August 23rd will be issued a $0.0897 dividend. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.08 dividend on an annualized basis and a yield of 7.32%. The ex-dividend date of this dividend is Friday, August 23rd.

Flaherty & Crumrine Preferred Securities Income Fund 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.