Comerica Bank Lowers Stock Position in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC)

Comerica Bank cut its holdings in Flaherty & Crumrine Preferred Securities Income Fund Inc. (NYSE:FFC) by 12.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,067 shares of the financial services provider’s stock after selling 726 shares during the period. Comerica Bank’s holdings in Flaherty & Crumrine Preferred Securities Income Fund were worth $79,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at approximately $173,000. Landscape Capital Management L.L.C. acquired a new position in Flaherty & Crumrine Preferred Securities Income Fund during the 4th quarter valued at about $190,000. Independent Advisor Alliance acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at about $210,000. Janney Montgomery Scott LLC acquired a new position in shares of Flaherty & Crumrine Preferred Securities Income Fund in the fourth quarter valued at about $246,000. Finally, US Bancorp DE grew its holdings in Flaherty & Crumrine Preferred Securities Income Fund by 6.8% during the fourth quarter. US Bancorp DE now owns 16,456 shares of the financial services provider’s stock worth $256,000 after acquiring an additional 1,050 shares during the period.

Flaherty & Crumrine Preferred Securities Income Fund Trading Up 0.4%

Shares of FFC stock opened at $15.78 on Monday. The business’s 50 day moving average is $15.44 and its two-hundred day moving average is $15.72. Flaherty & Crumrine Preferred Securities Income Fund Inc. has a 12-month low of $14.20 and a 12-month high of $16.74.

Flaherty & Crumrine Preferred Securities Income Fund Increases Dividend

The business also recently disclosed a — dividend, which will be paid on Thursday, July 31st. Shareholders of record on Thursday, July 24th will be paid a dividend of $0.0939 per share. The ex-dividend date is Thursday, July 24th. This represents a yield of 7.5%. This is a positive change from Flaherty & Crumrine Preferred Securities Income Fund’s previous — 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.