Envestnet Asset Management Inc. Has $8.78 Million Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. $FFC

Envestnet Asset Management Inc. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 6.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 519,977 shares of the financial services provider’s stock after purchasing an additional 30,697 shares during the period. Envestnet Asset Management Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $8,782,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Mather Group LLC. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the 3rd quarter worth approximately $79,000. Financial Consulate Inc. bought a new position in Flaherty & Crumrine Preferred Securities Income Fund during the third quarter worth $104,000. Nomura Holdings Inc. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at $163,000. Jane Street Group LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the 2nd quarter valued at $165,000. Finally, Silver Oak Securities Incorporated grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 13.2% in the 3rd quarter. Silver Oak Securities Incorporated now owns 14,088 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 1,647 shares during the last quarter.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE:FFC opened at $16.76 on Friday. The firm’s 50-day moving average is $16.63 and its 200-day moving average is $16.59. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $14.20 and a 52-week high of $17.00.

Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Thursday, April 23rd will be issued a $0.1005 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a c) annualized dividend and a yield of 7.2%.

About Flaherty & Crumrine Preferred Securities Income Fund

Flaherty & Crumrine Preferred Securities Income Fund (NYSE:FFC) is a closed-end management investment company that seeks to provide investors with high current income as its primary investment objective. Launched in 1995, the fund pursues this goal by investing primarily in preferred securities, including U.S. and non-U.S. preferred stocks, trust preferred securities, and certain convertible and hybrid instruments. The fund’s diversified portfolio typically spans corporate, financial and utility sectors, with a focus on instruments that offer attractive dividend yields.

In constructing its portfolio, FFC may employ leverage to enhance income generation and diversify across credit qualities and maturities.