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

Fiduciary Financial Advisors purchased a new stake in shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 62,282 shares of the real estate investment trust’s stock, valued at approximately $720,000.

Other hedge funds have also recently bought and sold shares of the company. Lido Advisors LLC raised its stake in shares of Flaherty & Crumrine Preferred Income Fund by 1.6% during the 3rd quarter. Lido Advisors LLC now owns 66,880 shares of the real estate investment trust’s stock worth $804,000 after purchasing an additional 1,069 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Flaherty & Crumrine Preferred Income Fund in the second quarter valued at $43,000. Western Wealth Management LLC bought a new position in shares of Flaherty & Crumrine Preferred Income Fund in the 1st quarter valued at about $32,000. Allworth Financial LP bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund in the 2nd quarter valued at about $40,000. Finally, Osaic Holdings Inc. lifted 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 valued at $1,015,000 after purchasing an additional 6,217 shares during the last quarter.

Flaherty & Crumrine Preferred Income Fund Trading Down 0.5%

Flaherty & Crumrine Preferred Income Fund stock opened at $11.22 on Tuesday. The stock has a 50-day simple moving average of $11.45 and a 200 day simple moving average of $11.52. Flaherty & Crumrine Preferred Income Fund Inc. has a 52 week low of $10.98 and a 52 week high of $12.16.

Flaherty & Crumrine Preferred Income Fund Dividend Announcement

The firm 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) dividend on an annualized basis and a yield of 7.5%. The ex-dividend date is Friday, October 23rd.

Flaherty & Crumrine Preferred Income Fund Company 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.