Shares of 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 $11.62 and traded as low as $11.54. Flaherty & Crumrine Preferred Income Fund shares last traded at $11.5560, with a volume of 25,650 shares trading hands.
Flaherty & Crumrine Preferred Income Fund Trading Down 0.5%
The stock’s fifty day moving average is $11.50 and its two-hundred day moving average is $11.62.
Institutional Trading of Flaherty & Crumrine Preferred Income Fund
Several large investors have recently modified their holdings of PFD. CIBC Bancorp USA Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the third quarter worth about $5,305,000. Sit Investment Associates Inc. grew its stake in Flaherty & Crumrine Preferred Income Fund by 8.5% during the 4th quarter. Sit Investment Associates Inc. now owns 1,176,356 shares of the real estate investment trust’s stock valued at $13,963,000 after purchasing an additional 91,962 shares in the last quarter. Fiera Capital Corp grew its stake in Flaherty & Crumrine Preferred Income Fund by 80.8% during the 4th quarter. Fiera Capital Corp now owns 179,838 shares of the real estate investment trust’s stock valued at $2,135,000 after purchasing an additional 80,344 shares in the last quarter. LPL Financial LLC increased its holdings in Flaherty & Crumrine Preferred Income Fund by 32.9% during the 4th quarter. LPL Financial LLC now owns 89,580 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 22,173 shares during the last quarter. Finally, 1607 Capital Partners LLC increased its holdings in Flaherty & Crumrine Preferred Income Fund by 56.4% during the 4th quarter. 1607 Capital Partners LLC now owns 56,600 shares of the real estate investment trust’s stock worth $672,000 after purchasing an additional 20,400 shares during the last quarter.
About Flaherty & Crumrine Preferred Income Fund
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.
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