Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. raised its position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 151.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,882 shares of the financial services provider’s stock after acquiring an additional 33,682 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $917,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. US Bancorp DE grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 10.8% in the third quarter. US Bancorp DE now owns 15,406 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 1,500 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 20.1% in the second quarter. Envestnet Asset Management Inc. now owns 169,978 shares of the financial services provider’s stock valued at $2,514,000 after acquiring an additional 28,492 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 23.7% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 89,631 shares of the financial services provider’s stock valued at $1,326,000 after acquiring an additional 17,178 shares in the last quarter. Comerica Bank grew its position in Flaherty & Crumrine Preferred Securities Income Fund by 42.8% in the first quarter. Comerica Bank now owns 5,292 shares of the financial services provider’s stock valued at $79,000 after acquiring an additional 1,585 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Flaherty & Crumrine Preferred Securities Income Fund in the first quarter valued at approximately $2,046,000.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.9 %

Shares of NYSE:FFC opened at $15.73 on Friday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 52-week low of $13.51 and a 52-week high of $16.74. The company has a 50 day moving average of $16.12 and a two-hundred day moving average of $15.39.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.092 per share. This is a boost from Flaherty & Crumrine Preferred Securities Income Fund’s previous monthly dividend of $0.09. This represents a $1.10 annualized dividend and a dividend yield of 7.02%. The ex-dividend date is Thursday, November 21st.

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.