Noble Wealth Management PBC Acquires 1,500 Shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD)

Noble Wealth Management PBC raised its holdings in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 54.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,280 shares of the real estate investment trust’s stock after acquiring an additional 1,500 shares during the period. Noble Wealth Management PBC’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $48,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. McClarren Financial Advisors Inc. acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund in the 4th quarter valued at approximately $39,000. Pathway Financial Advisers LLC boosted its position in Flaherty & Crumrine Preferred Income Fund by 88.6% in the fourth quarter. Pathway Financial Advisers LLC now owns 6,332 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 2,974 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Flaherty & Crumrine Preferred Income Fund by 11.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 19,169 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 1,919 shares during the last quarter. Guggenheim Capital LLC acquired a new position in shares of Flaherty & Crumrine Preferred Income Fund during the fourth quarter worth $228,000. Finally, Stifel Financial Corp bought a new position in shares of Flaherty & Crumrine Preferred Income Fund in the 4th quarter valued at $307,000.

Flaherty & Crumrine Preferred Income Fund Price Performance

NYSE PFD opened at $11.18 on Friday. Flaherty & Crumrine Preferred Income Fund Inc. has a twelve month low of $10.22 and a twelve month high of $12.08. The business’s fifty day moving average is $10.94 and its 200 day moving average is $11.16.

Flaherty & Crumrine Preferred Income Fund Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 26th were issued a dividend of $0.0622 per share. This is a boost from Flaherty & Crumrine Preferred Income Fund’s previous dividend of $0.06. This represents a dividend yield of 6.72%. The ex-dividend date of this dividend was Friday, May 23rd.

Flaherty & Crumrine Preferred Income Fund Profile

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.