AQR Arbitrage LLC Sells 83,735 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

AQR Arbitrage LLC lowered its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 37.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,043 shares of the financial services provider’s stock after selling 83,735 shares during the period. AQR Arbitrage LLC’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $2,281,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Invesco Ltd. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 12.1% in the 2nd quarter. Invesco Ltd. now owns 763,056 shares of the financial services provider’s stock valued at $12,430,000 after purchasing an additional 82,477 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Flaherty & Crumrine Preferred Securities Income Fund by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 489,280 shares of the financial services provider’s stock worth $7,970,000 after buying an additional 57,473 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 8.6% during the second quarter. Thomas J. Herzfeld Advisors Inc. now owns 386,181 shares of the financial services provider’s stock valued at $6,291,000 after buying an additional 30,443 shares during the period. 1607 Capital Partners LLC boosted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 18.1% during the first quarter. 1607 Capital Partners LLC now owns 366,550 shares of the financial services provider’s stock valued at $5,839,000 after buying an additional 56,300 shares during the period. Finally, Raymond James Financial Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% during the second quarter. Raymond James Financial Inc. now owns 207,465 shares of the financial services provider’s stock worth $3,380,000 after buying an additional 2,300 shares in the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

Shares of NYSE FFC opened at $16.61 on Friday. The stock’s 50-day simple moving average is $16.66 and its two-hundred day simple moving average is $16.44. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $14.20 and a twelve month high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Friday, January 23rd will be paid a $0.1005 dividend. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, January 23rd.

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.