Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 5.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,032 shares of the financial services provider’s stock after purchasing an additional 3,150 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $962,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at approximately $58,000. Maryland Capital Advisors Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter valued at approximately $91,000. Comerica Bank lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 70.0% in the first quarter. Comerica Bank now owns 8,615 shares of the financial services provider’s stock valued at $137,000 after acquiring an additional 3,548 shares during the last quarter. Finally, Silver Oak Securities Incorporated purchased a new position in Flaherty & Crumrine Preferred Securities Income Fund in the second quarter worth approximately $203,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $16.38 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52 week low of $14.20 and a 52 week high of $17.00. The stock’s fifty day moving average is $16.73 and its two-hundred day moving average is $16.33.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Thursday, November 20th will be issued a $0.0977 dividend. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.10. The ex-dividend date is Thursday, November 20th. This represents a c) annualized dividend and a yield of 7.2%.

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.