Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 5.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 45,483 shares of the financial services provider’s stock after purchasing an additional 2,295 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $673,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FFC. Mather Group LLC. purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 1st quarter worth approximately $51,000. Wealth Enhancement Advisory Services LLC boosted its stake 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 buying an additional 3,180 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at approximately $187,000. MGO One Seven LLC boosted its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund by 843.3% during the 4th quarter. MGO One Seven LLC now owns 206,261 shares of the financial services provider’s stock valued at $2,867,000 after buying an additional 184,394 shares during the last quarter. Finally, Comerica Bank boosted its stake 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 buying an additional 1,585 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.1 %

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.25 on Tuesday. The stock has a 50 day moving average of $15.75 and a 200-day moving average of $14.97. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $11.90 and a 52 week high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Thursday, October 24th will be given a dividend of $0.0897 per share. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.08 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend 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.