Closed End Fund Advisors Inc. Acquires New Position in Flaherty & Crumrine Preferred and Income Fund Inc. $PFO

Posted by Stanley Muller on Jun 6th, 2026

Closed End Fund Advisors Inc. acquired a new stake in Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO – Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 96,222 shares of the company’s stock, valued at approximately $909,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Webster Bank N. A. purchased a new position in shares of Flaherty & Crumrine Preferred and Income Fund in the 4th quarter valued at approximately $28,000. Raymond James Financial Inc. purchased a new position in shares of Flaherty & Crumrine Preferred and Income Fund in the 2nd quarter valued at approximately $49,000. AlphaCore Capital LLC purchased a new position in shares of Flaherty & Crumrine Preferred and Income Fund in the 4th quarter valued at approximately $127,000. Clifford Swan Investment Counsel LLC raised its position in shares of Flaherty & Crumrine Preferred and Income Fund by 96.7% in the 3rd quarter. Clifford Swan Investment Counsel LLC now owns 29,500 shares of the company’s stock valued at $288,000 after purchasing an additional 14,500 shares during the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of Flaherty & Crumrine Preferred and Income Fund by 9.5% in the 2nd quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock valued at $287,000 after purchasing an additional 2,709 shares during the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred and Income Fund Price Performance

PFO opened at $9.09 on Friday. Flaherty & Crumrine Preferred and Income Fund Inc. has a 12-month low of $8.85 and a 12-month high of $9.90. The firm has a 50 day moving average of $9.18 and a two-hundred day moving average of $9.37.

Flaherty & Crumrine Preferred and Income Fund Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a dividend of $0.0556 per share. The ex-dividend date of this dividend is Friday, July 24th. This represents a c) dividend on an annualized basis and a yield of 7.3%.

Flaherty & Crumrine Preferred and Income Fund Company Profile

(Free Report)

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.