Northwestern Mutual Wealth Management Co. Sells 6,446 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Northwestern Mutual Wealth Management Co. reduced its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFCGet Rating) by 52.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,865 shares of the financial services provider’s stock after selling 6,446 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $98,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Envestnet Asset Management Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 40.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,491 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 9,036 shares during the last quarter. Csenge Advisory Group boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 24.0% in the 2nd quarter. Csenge Advisory Group now owns 158,212 shares of the financial services provider’s stock worth $2,653,000 after purchasing an additional 30,590 shares during the last quarter. Wedbush Securities Inc. boosted its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 5.3% in the 2nd quarter. Wedbush Securities Inc. now owns 28,138 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 1,405 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 2.4% during the second quarter. Commonwealth Equity Services LLC now owns 309,772 shares of the financial services provider’s stock worth $5,194,000 after acquiring an additional 7,226 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 3.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 43,218 shares of the financial services provider’s stock worth $725,000 after acquiring an additional 1,323 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.3 %

FFC stock opened at $15.58 on Friday. The business’s 50-day moving average price is $15.33 and its two-hundred day moving average price is $16.82. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1-year low of $14.42 and a 1-year high of $22.64.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 22nd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 21st. This represents a $1.20 annualized dividend and a yield of 7.70%.

Flaherty & Crumrine Preferred Securities Income Fund Company Profile

(Get Rating)

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

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

Receive News & Ratings for Flaherty & Crumrine Preferred Securities Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Flaherty & Crumrine Preferred Securities Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.