Flaherty & Crumrine Preferred and Income Fund Inc. $PFO Shares Acquired by Fiera Capital Corp

Fiera Capital Corp raised its stake in shares of Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) by 115.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 129,862 shares of the company’s stock after purchasing an additional 69,717 shares during the quarter. Fiera Capital Corp’s holdings in Flaherty & Crumrine Preferred and Income Fund were worth $1,227,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Private Advisor Group LLC boosted its holdings in Flaherty & Crumrine Preferred and Income Fund by 0.9% in the third quarter. Private Advisor Group LLC now owns 191,153 shares of the company’s stock valued at $1,864,000 after acquiring an additional 1,745 shares during the last quarter. TrueMark Investments LLC increased its position in Flaherty & Crumrine Preferred and Income Fund by 2.9% during the 4th quarter. TrueMark Investments LLC now owns 70,697 shares of the company’s stock worth $668,000 after purchasing an additional 1,985 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Flaherty & Crumrine Preferred and Income Fund by 9.5% in the second quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock valued at $287,000 after buying an additional 2,709 shares during the period. Webster Bank N. A. acquired a new position in Flaherty & Crumrine Preferred and Income Fund during the fourth quarter valued at approximately $28,000. Finally, Raymond James Financial Inc. acquired a new position in Flaherty & Crumrine Preferred and Income Fund during the second quarter valued at approximately $49,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred and Income Fund Price Performance

Flaherty & Crumrine Preferred and Income Fund stock opened at $9.12 on Wednesday. The firm has a fifty day moving average of $9.18 and a 200-day moving average of $9.36. Flaherty & Crumrine Preferred and Income Fund Inc. has a 52-week low of $8.85 and a 52-week high of $9.90.

Flaherty & Crumrine Preferred and Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be paid a dividend of $0.0556 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.