Wells Fargo & Company MN Purchases 566,083 Shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Wells Fargo & Company MN grew its position in shares of Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 184.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 872,516 shares of the financial services provider’s stock after buying an additional 566,083 shares during the period. Wells Fargo & Company MN’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $13,550,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in FFC. Smith Moore & CO. lifted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 62.7% during the fourth quarter. Smith Moore & CO. now owns 17,064 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 6,575 shares during the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at approximately $190,000. Thomas J. Herzfeld Advisors Inc. boosted its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 60.7% in the 4th quarter. Thomas J. Herzfeld Advisors Inc. now owns 368,225 shares of the financial services provider’s stock worth $5,719,000 after buying an additional 139,098 shares during the period. LPL Financial LLC grew its stake in Flaherty & Crumrine Preferred Securities Income Fund by 1.4% in the 4th quarter. LPL Financial LLC now owns 323,514 shares of the financial services provider’s stock valued at $5,024,000 after buying an additional 4,414 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 4.3% during the 4th quarter. Thrivent Financial for Lutherans now owns 54,644 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 2,270 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Stock Up 0.3 %

Flaherty & Crumrine Preferred Securities Income Fund stock opened at $14.75 on Tuesday. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a one year low of $13.72 and a one year high of $16.74. The business has a fifty day moving average price of $15.79 and a 200-day moving average price of $15.87.

Flaherty & Crumrine Preferred Securities Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.092 dividend. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $1.10 annualized dividend and a yield of 7.48%.

Flaherty & Crumrine Preferred Securities Income Fund Company 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.