Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Shares Sold by SFI Advisors LLC

SFI Advisors LLC lowered its position in shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 38.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,995 shares of the real estate investment trust’s stock after selling 18,864 shares during the period. SFI Advisors LLC’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 109.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,329 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 1,219 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 6.0% during the 1st quarter. NewEdge Advisors LLC now owns 25,109 shares of the real estate investment trust’s stock worth $250,000 after buying an additional 1,429 shares during the last quarter. UBS Group AG increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 1.3% during the 1st quarter. UBS Group AG now owns 107,365 shares of the real estate investment trust’s stock worth $1,139,000 after buying an additional 1,430 shares during the last quarter. Susquehanna International Group LLP increased its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 14.7% during the 4th quarter. Susquehanna International Group LLP now owns 13,070 shares of the real estate investment trust’s stock worth $145,000 after buying an additional 1,680 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in shares of Flaherty & Crumrine Preferred Income Fund by 7.6% during the 1st quarter. Bank of America Corp DE now owns 28,916 shares of the real estate investment trust’s stock worth $400,000 after purchasing an additional 2,032 shares during the period.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of NYSE:PFD traded up $0.04 during mid-day trading on Tuesday, reaching $9.90. 12,633 shares of the company were exchanged, compared to its average volume of 30,699. The firm’s 50-day simple moving average is $10.31 and its 200 day simple moving average is $9.87. Flaherty & Crumrine Preferred Income Fund Inc. has a 1 year low of $8.53 and a 1 year high of $10.92.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be given a dividend of $0.0555 per share. The ex-dividend date of this dividend is Monday, April 22nd. This represents a $0.67 dividend on an annualized basis and a dividend yield of 6.73%.

Flaherty & Crumrine Preferred Income Fund Profile

Flaherty & Crumrine Preferred Income Fund Inc is a closed ended equity mutual fund launched and managed by Flaherty & Crumrine Incorporated. The fund invests in the public equity markets of the United States. It invests in the stocks of companies operating in the financials sector. The fund primarily invests in preferred securities.