DAVENPORT & Co LLC Sells 2,000 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

DAVENPORT & Co LLC decreased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Rating) by 9.6% during the first quarter, Holdings Channel.com reports. The institutional investor owned 18,878 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. DAVENPORT & Co LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $372,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Belpointe Asset Management LLC grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 6.6% during the 1st quarter. Belpointe Asset Management LLC now owns 8,864 shares of the financial services provider’s stock worth $174,000 after buying an additional 550 shares in the last quarter. Allworth Financial LP boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 160.0% during the first quarter. Allworth Financial LP now owns 2,600 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 1,600 shares in the last quarter. Truist Financial Corp boosted its position in Flaherty & Crumrine Preferred Securities Income Fund by 2.3% during the first quarter. Truist Financial Corp now owns 114,376 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 2,566 shares in the last quarter. Alpha Cubed Investments LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at about $432,000. Finally, Elevated Capital Advisors LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the first quarter valued at about $2,117,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.3 %

Shares of FFC stock opened at $17.01 on Wednesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $16.31 and a 1-year high of $23.40. The stock’s 50-day moving average is $17.36 and its 200 day moving average is $18.67.

Flaherty & Crumrine Preferred Securities Income Fund Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 23rd will be given a dividend of $0.1075 per share. This represents a $1.29 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Thursday, September 22nd.

About Flaherty & Crumrine Preferred Securities Income Fund

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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.

See Also

Want to see what other hedge funds are holding FFC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Rating).

Institutional Ownership by Quarter for Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC)

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