Comerica Bank Sells 726 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Comerica Bank cut its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 12.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,067 shares of the financial services provider’s stock after selling 726 shares during the period. Comerica Bank’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $79,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Park Avenue Securities LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 4.7% in the fourth quarter. Park Avenue Securities LLC now owns 90,024 shares of the financial services provider’s stock worth $1,398,000 after buying an additional 4,022 shares in the last quarter. Atomi Financial Group Inc. increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 136.6% during the fourth quarter. Atomi Financial Group Inc. now owns 66,025 shares of the financial services provider’s stock valued at $1,025,000 after acquiring an additional 38,125 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the fourth quarter valued at $246,000. Calamos Advisors LLC increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 23.8% during the fourth quarter. Calamos Advisors LLC now owns 23,684 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 4,555 shares in the last quarter. Finally, Choreo LLC increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 93.8% in the 4th quarter. Choreo LLC now owns 51,219 shares of the financial services provider’s stock worth $794,000 after buying an additional 24,786 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.4%

NYSE FFC opened at $15.78 on Monday. The stock has a 50-day moving average of $15.44 and a 200 day moving average of $15.72. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $14.20 and a one year high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently announced a — dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th will be given a $0.0939 dividend. This represents a yield of 7.5%. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous — dividend of $0.09. The ex-dividend date is Thursday, July 24th.

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.