PNC Financial Services Group Inc. Has $344,000 Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

PNC Financial Services Group Inc. lowered its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 62.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,200 shares of the financial services provider’s stock after selling 36,832 shares during the period. PNC Financial Services Group Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $344,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in FFC. Fiera Capital Corp grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 72.3% during the 4th quarter. Fiera Capital Corp now owns 170,617 shares of the financial services provider’s stock worth $2,817,000 after buying an additional 71,584 shares during the period. Bard Associates Inc. lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 42.7% during the 4th quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock valued at $20,141,000 after acquiring an additional 365,085 shares during the period. International Assets Investment Management LLC lifted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 19.6% during the 1st quarter. International Assets Investment Management LLC now owns 17,433 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 2,855 shares during the period. Janney Montgomery Scott LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 64.4% during the first quarter. Janney Montgomery Scott LLC now owns 26,888 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 10,537 shares in the last quarter. Finally, Maridea Wealth Management LLC acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter worth $279,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Down 0.2%

FFC opened at $16.16 on Thursday. The company has a fifty day moving average price of $16.07 and a two-hundred day moving average price of $16.14. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $14.98 and a 1-year high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a $0.1046 dividend. The ex-dividend date is Friday, October 23rd. This represents a c) annualized dividend and a yield of 7.8%.

Flaherty & Crumrine Preferred Securities Income Fund Profile

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.