PNC Financial Services Group Inc. cut its holdings in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC – Free Report) by 62.4% in the 1st quarter, HoldingsChannel reports. The fund owned 22,200 shares of the financial services provider’s stock after selling 36,832 shares during the period. PNC Financial Services Group Inc.’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $344,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Bard Associates Inc. increased its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 42.7% during the 4th quarter. Bard Associates Inc. now owns 1,219,924 shares of the financial services provider’s stock worth $20,141,000 after purchasing an additional 365,085 shares in the last quarter. Wells Fargo & Company MN grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 1.1% during the fourth quarter. Wells Fargo & Company MN now owns 946,149 shares of the financial services provider’s stock worth $15,621,000 after buying an additional 10,561 shares in the last quarter. Invesco Ltd. raised its position 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 buying an additional 82,477 shares during the last quarter. Csenge Advisory Group lifted its stake in Flaherty & Crumrine Preferred Securities Income Fund by 0.8% during the 4th quarter. Csenge Advisory Group now owns 320,310 shares of the financial services provider’s stock valued at $5,288,000 after acquiring an additional 2,593 shares in the last quarter. Finally, LPL Financial LLC boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 2.0% during the 4th quarter. LPL Financial LLC now owns 307,423 shares of the financial services provider’s stock worth $5,076,000 after acquiring an additional 6,103 shares during the last quarter.
Flaherty & Crumrine Preferred Securities Income Fund Trading Down 0.2%
Shares of FFC stock opened at $16.16 on Thursday. The firm has a 50-day moving average of $16.07 and a 200-day moving average of $16.14. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $14.98 and a one year high of $17.00.
Flaherty & Crumrine Preferred Securities Income Fund Dividend Announcement
Flaherty & Crumrine Preferred Securities Income Fund Profile
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.
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