Park Avenue Securities LLC Lowers Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Park Avenue Securities LLC lowered its stake in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 2.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 85,932 shares of the financial services provider’s stock after selling 2,030 shares during the quarter. Park Avenue Securities LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $1,400,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 19.6% in the 1st quarter. Envestnet Asset Management Inc. now owns 431,807 shares of the financial services provider’s stock valued at $6,879,000 after acquiring an additional 70,716 shares during the period. 1607 Capital Partners LLC lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 18.1% in the 1st quarter. 1607 Capital Partners LLC now owns 366,550 shares of the financial services provider’s stock valued at $5,839,000 after purchasing an additional 56,300 shares in the last quarter. Csenge Advisory Group lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 38.3% in the 1st quarter. Csenge Advisory Group now owns 340,559 shares of the financial services provider’s stock valued at $5,129,000 after purchasing an additional 94,306 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 18.6% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 218,569 shares of the financial services provider’s stock valued at $3,482,000 after purchasing an additional 34,355 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 2.3% in the 1st quarter. Raymond James Financial Inc. now owns 205,165 shares of the financial services provider’s stock valued at $3,268,000 after purchasing an additional 4,578 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of FFC stock opened at $16.77 on Friday. The stock’s fifty day moving average is $16.40 and its two-hundred day moving average is $15.96. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a fifty-two week low of $14.20 and a fifty-two week high of $16.99.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd will be given a dividend of $0.0958 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, September 23rd.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.