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

Truist Financial Corp lowered its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,767 shares of the financial services provider’s stock after selling 1,820 shares during the period. Truist Financial Corp’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $174,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Mather Group LLC. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 1st quarter valued at $51,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 7.3% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,835 shares of the financial services provider’s stock valued at $696,000 after purchasing an additional 3,180 shares during the period. Nomura Holdings Inc. acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at $187,000. Envestnet Asset Management Inc. increased its position in shares of 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 period. Finally, Comerica Bank increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.8% during the 1st quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock valued at $79,000 after purchasing an additional 1,585 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.1 %

Shares of FFC stock 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 business’s fifty day moving average is $16.05 and its 200-day moving average is $15.07.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

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

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.