62,282 Shares in Flaherty & Crumrine Preferred Income Fund Inc. $PFD Acquired by Fiduciary Financial Advisors

Fiduciary Financial Advisors acquired a new stake in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 62,282 shares of the real estate investment trust’s stock, valued at approximately $720,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. boosted its position in shares of Flaherty & Crumrine Preferred Income Fund by 3.8% in the second quarter. Raymond James Financial Inc. now owns 177,337 shares of the real estate investment trust’s stock valued at $2,006,000 after acquiring an additional 6,569 shares during the period. Bank of America Corp DE increased its position in Flaherty & Crumrine Preferred Income Fund by 9.2% during the second quarter. Bank of America Corp DE now owns 154,578 shares of the real estate investment trust’s stock worth $1,748,000 after acquiring an additional 13,033 shares during the period. Osaic Holdings Inc. raised its stake in Flaherty & Crumrine Preferred Income Fund by 7.4% in the 2nd quarter. Osaic Holdings Inc. now owns 89,755 shares of the real estate investment trust’s stock worth $1,015,000 after purchasing an additional 6,217 shares in the last quarter. CreativeOne Wealth LLC raised its stake in Flaherty & Crumrine Preferred Income Fund by 154.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 26,000 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 15,800 shares in the last quarter. Finally, Lido Advisors LLC boosted its holdings in Flaherty & Crumrine Preferred Income Fund by 1.6% in the 3rd quarter. Lido Advisors LLC now owns 66,880 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 1,069 shares during the period.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of NYSE:PFD opened at $11.22 on Tuesday. The company’s 50 day moving average price is $11.45 and its two-hundred day moving average price is $11.52. Flaherty & Crumrine Preferred Income Fund Inc. has a 12-month low of $10.98 and a 12-month high of $12.16.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Friday, October 23rd will be paid a $0.0703 dividend. This represents a c) annualized dividend and a dividend yield of 7.5%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Preferred Income Fund Profile

Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income by investing primarily in preferred securities. The fund’s portfolio typically includes both U.S. and global preferred stocks, hybrid capital instruments and other fixed-income securities that pay fixed or adjustable dividends. It may also invest in investment-grade and below-investment-grade issues to capture yield opportunities across credit quality tiers.

Since its inception in 2006, PFD has aimed to deliver attractive after-tax total returns by actively managing interest-rate and credit-risk exposure.