14,351 Shares in Flaherty & Crumrine Preferred Income Fund Inc. $PFD Purchased by Signature Wealth Management Partners LLC

Signature Wealth Management Partners LLC purchased a new position in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 14,351 shares of the real estate investment trust’s stock, valued at approximately $162,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new position in Flaherty & Crumrine Preferred Income Fund in the 1st quarter worth about $73,000. Arlington Capital Management Inc. purchased a new position in Flaherty & Crumrine Preferred Income Fund in the 1st quarter worth about $150,000. Pathway Financial Advisors LLC increased its stake in Flaherty & Crumrine Preferred Income Fund by 77.1% in the 1st quarter. Pathway Financial Advisors LLC now owns 29,446 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 12,819 shares during the period. Wolverine Asset Management LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Fund during the first quarter valued at $209,000. Finally, Cary Street Partners Financial LLC increased its stake in shares of Flaherty & Crumrine Preferred Income Fund by 10.1% during the first quarter. Cary Street Partners Financial LLC now owns 43,500 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 4,000 shares during the period.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $12.09 on Friday. Flaherty & Crumrine Preferred Income Fund Inc. has a 12 month low of $10.22 and a 12 month high of $12.16. The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $11.28.

Flaherty & Crumrine Preferred Income Fund Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a dividend of $0.0628 per share. The ex-dividend date was Tuesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 6.2%.

About Flaherty & Crumrine Preferred Income Fund

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.