Thrivent Financial for Lutherans Has $849,000 Stock Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Thrivent Financial for Lutherans boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 4.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,644 shares of the financial services provider’s stock after purchasing an additional 2,270 shares during the period. Thrivent Financial for Lutherans’ holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter worth about $3,115,000. Stifel Financial Corp raised its position in Flaherty & Crumrine Preferred Securities Income Fund by 461.2% during the third 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 in the last quarter. Noble Wealth Management PBC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at approximately $1,100,000. Hennion & Walsh Asset Management Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 53.1% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 184,214 shares of the financial services provider’s stock worth $2,861,000 after acquiring an additional 63,860 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of 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 worth $1,281,000 after purchasing an additional 55,185 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $15.96 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $13.72 and a 1-year high of $16.74. The firm’s fifty day simple moving average is $16.00 and its 200-day simple moving average is $15.99.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.092 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a yield of 6.92%.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.