Jane Street Group LLC Acquires New Shares in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Jane Street Group LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,520 shares of the financial services provider’s stock, valued at approximately $173,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% in the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock worth $2,514,000 after purchasing an additional 28,492 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 5.3% in the second quarter. Thrivent Financial for Lutherans now owns 45,483 shares of the financial services provider’s stock worth $673,000 after purchasing an additional 2,295 shares in the last quarter. Logan Stone Capital LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth about $462,000. Strategies Wealth Advisors LLC bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $973,000. Finally, Atomi Financial Group Inc. raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 9.8% in the third quarter. Atomi Financial Group Inc. now owns 27,900 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 2,500 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

FFC opened at $15.67 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.72 and a 52-week high of $16.74. The firm’s 50-day moving average price is $15.78 and its 200-day moving average price is $15.68.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The business also recently disclosed a — dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be issued a dividend of $0.0325 per share. The ex-dividend date is Friday, January 24th. This represents a dividend yield of 6.9%.

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.