Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Get Free Report) crossed below its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $11.29 and traded as low as $10.47. Flaherty & Crumrine Preferred Income Fund shares last traded at $10.4730, with a volume of 18,394 shares.
Flaherty & Crumrine Preferred Income Fund Trading Down 0.4%
The business has a fifty day moving average price of $10.95 and a 200 day moving average price of $11.29.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Bard Associates Inc. acquired a new stake in Flaherty & Crumrine Preferred Income Fund in the 2nd quarter valued at $19,989,000. Bank of America Corp DE acquired a new position in shares of Flaherty & Crumrine Preferred Income Fund during the second quarter valued at $5,951,000. Csenge Advisory Group bought a new stake in Flaherty & Crumrine Preferred Income Fund during the 2nd quarter worth about $5,243,000. Fiduciary Financial Advisors bought a new stake in Flaherty & Crumrine Preferred Income Fund during the 2nd quarter worth about $720,000. Finally, Maridea Wealth Management LLC bought a new position in shares of Flaherty & Crumrine Preferred Income Fund in the 2nd quarter valued at about $385,000.
Flaherty & Crumrine Preferred Income Fund Company Profile
Flaherty & Crumrine Preferred Income Fund (NYSE: PFD) is a closed-end investment fund managed by Flaherty & Crumrine Incorporated. The fund seeks to provide investors with high current income and, to a lesser extent, opportunities for capital appreciation.
The fund invests primarily in preferred securities issued by financial institutions, utilities, telecommunications companies and other corporations. Its portfolio may also include other income-producing securities, such as hybrid securities, corporate debt and convertible securities.
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