LPL Financial LLC Reduces Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

LPL Financial LLC trimmed its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 5.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 305,114 shares of the financial services provider’s stock after selling 18,400 shares during the quarter. LPL Financial LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $4,860,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Csenge Advisory Group increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 38.3% during the first quarter. Csenge Advisory Group now owns 340,559 shares of the financial services provider’s stock worth $5,129,000 after acquiring an additional 94,306 shares during the last quarter. Family Firm Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 1.5% during the first quarter. Family Firm Inc. now owns 126,075 shares of the financial services provider’s stock worth $2,008,000 after acquiring an additional 1,921 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 19.6% during the first quarter. Envestnet Asset Management Inc. now owns 431,807 shares of the financial services provider’s stock worth $6,879,000 after acquiring an additional 70,716 shares during the last quarter. Mather Group LLC. increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 25.2% during the first quarter. Mather Group LLC. now owns 4,617 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 928 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.3% during the first quarter. Janney Montgomery Scott LLC now owns 17,631 shares of the financial services provider’s stock worth $281,000 after acquiring an additional 1,790 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.2%

Shares of NYSE FFC opened at $16.38 on Thursday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 1 year low of $14.20 and a 1 year high of $16.74. The stock’s 50-day simple moving average is $16.26 and its 200-day simple moving average is $15.87.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 24th will be issued a $0.0958 dividend. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, October 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.