US Bancorp DE Boosts Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

US Bancorp DE increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 10.8% in the third quarter, HoldingsChannel.com reports. The fund owned 15,406 shares of the financial services provider’s stock after acquiring an additional 1,500 shares during the period. US Bancorp DE’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $253,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in FFC. International Assets Investment Management LLC raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1,646.7% in the 3rd quarter. International Assets Investment Management LLC now owns 291,631 shares of the financial services provider’s stock worth $4,786,000 after purchasing an additional 274,935 shares in the last quarter. Cetera Investment Advisers bought a new position in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter worth about $2,046,000. Strategies Wealth Advisors LLC purchased a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the third quarter worth about $973,000. Logan Stone Capital LLC bought a new stake in Flaherty & Crumrine Preferred Securities Income Fund during the 2nd quarter valued at approximately $462,000. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund by 34.3% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 120,354 shares of the financial services provider’s stock worth $1,975,000 after acquiring an additional 30,723 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Performance

NYSE FFC opened at $15.85 on Thursday. The stock’s 50 day moving average is $16.25 and its 200 day moving average is $15.30. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a twelve month low of $13.29 and a twelve month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.092 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date is Thursday, November 21st. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09.

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.