City of London Investment Management Co. Ltd. decreased its holdings in Flaherty&Crumrine Prfrd Scts Incm Fd Inc (NYSE:FFC) by 22.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 34,337 shares of the financial services provider’s stock after selling 9,905 shares during the period. City of London Investment Management Co. Ltd.’s holdings in Flaherty&Crumrine Prfrd Scts Incm Fd were worth $648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the business. Covington Capital Management increased its holdings in Flaherty&Crumrine Prfrd Scts Incm Fd by 1.8% in the 1st quarter. Covington Capital Management now owns 412,833 shares of the financial services provider’s stock valued at $7,844,000 after buying an additional 7,450 shares during the period. Oxbow Advisors LLC bought a new position in Flaherty&Crumrine Prfrd Scts Incm Fd in the 2nd quarter valued at about $7,274,000. Affiance Financial LLC increased its holdings in Flaherty&Crumrine Prfrd Scts Incm Fd by 60.1% in the 2nd quarter. Affiance Financial LLC now owns 329,075 shares of the financial services provider’s stock valued at $6,226,000 after buying an additional 123,507 shares during the period. Commonwealth Equity Services LLC increased its holdings in Flaherty&Crumrine Prfrd Scts Incm Fd by 3.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 261,503 shares of the financial services provider’s stock valued at $4,948,000 after buying an additional 9,093 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in Flaherty&Crumrine Prfrd Scts Incm Fd by 7.6% in the 1st quarter. Wells Fargo & Company MN now owns 260,508 shares of the financial services provider’s stock valued at $4,949,000 after buying an additional 18,299 shares during the period.

FFC stock opened at $19.15 on Friday. Flaherty&Crumrine Prfrd Scts Incm Fd Inc has a 12 month low of $18.28 and a 12 month high of $21.56.

The business also recently declared a monthly dividend, which will be paid on Wednesday, October 31st. Investors of record on Wednesday, October 24th will be issued a dividend of $0.114 per share. This represents a $1.37 annualized dividend and a dividend yield of 7.14%. The ex-dividend date of this dividend is Tuesday, October 23rd.

Flaherty&Crumrine Prfrd Scts Incm Fd Company Profile

Flaherty & Crumrine Preferred Securities Income Fund Incorporated is a diversified, closed-end management investment company. The Fund’s investment objective is to provide its common shareholders with high current income consistent with the preservation of capital. It invests in a portfolio of preferred securities, such as taxable preferred securities and preferred stocks.

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Institutional Ownership by Quarter for Flaherty&Crumrine Prfrd Scts Incm Fd (NYSE:FFC)

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