Invesco Ltd. Reduces Stock Holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Invesco Ltd. lowered its stake in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 4.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 680,579 shares of the financial services provider’s stock after selling 29,812 shares during the period. Invesco Ltd.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $10,842,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. lifted 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 in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the first quarter worth $153,000. Cary Street Partners Financial LLC bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter worth $183,000. Pines Wealth Management LLC increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 27.6% in the first quarter. Pines Wealth Management LLC now owns 17,884 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 3,871 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 11.3% in the first quarter. Janney Montgomery Scott LLC now owns 17,631 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 1,790 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.6%

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $16.18 on Monday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $16.74. The firm’s fifty day moving average price is $16.30 and its 200-day moving average price is $15.88.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 29th. Stockholders of record on Monday, August 25th will be issued a $0.0958 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This is an increase from Flaherty & Crumrine Preferred Securities Income Fund’s previous dividend of $0.09. This represents a dividend yield of 709.0%.

Flaherty & Crumrine Preferred Securities Income Fund Profile

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.