US Bancorp DE Purchases 1,500 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

US Bancorp DE boosted its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 10.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,406 shares of the financial services provider’s stock after purchasing an additional 1,500 shares during the quarter. US Bancorp DE’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth about $65,000. Mather Group LLC. raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 24.0% in the second quarter. Mather Group LLC. now owns 4,575 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 886 shares in the last quarter. Comerica Bank raised its stake in Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the first 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 in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter valued at approximately $112,000. Finally, Arkadios Wealth Advisors purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $168,000.

Flaherty & Crumrine Preferred Securities Income Fund Price Performance

FFC opened at $15.85 on Thursday. The business’s fifty day simple moving average is $16.25 and its 200 day simple moving average is $15.30. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $13.29 and a 52 week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.092 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.10 annualized dividend and a dividend yield of 6.97%.

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.