Sit Investment Associates Inc. lifted its stake in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD – Free Report) by 8.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,176,356 shares of the real estate investment trust’s stock after purchasing an additional 91,962 shares during the quarter. Sit Investment Associates Inc.’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $13,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently bought and sold shares of the company. Capital Investment Advisors LLC purchased a new position in Flaherty & Crumrine Preferred Income Fund in the fourth quarter worth about $149,000. Cary Street Partners Financial LLC grew its stake in shares of Flaherty & Crumrine Preferred Income Fund by 58.1% during the 4th quarter. Cary Street Partners Financial LLC now owns 23,135 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 8,500 shares during the period. CreativeOne Wealth LLC increased its position in shares of Flaherty & Crumrine Preferred Income Fund by 154.9% during the 3rd quarter. CreativeOne Wealth LLC now owns 26,000 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 15,800 shares during the last quarter. 1607 Capital Partners LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the 3rd quarter valued at about $435,000. Finally, Lido Advisors LLC grew its position in Flaherty & Crumrine Preferred Income Fund by 1.6% during the third quarter. Lido Advisors LLC now owns 66,880 shares of the real estate investment trust’s stock valued at $804,000 after buying an additional 1,069 shares during the period.
Flaherty & Crumrine Preferred Income Fund Stock Up 0.0%
Shares of PFD stock opened at $11.42 on Friday. Flaherty & Crumrine Preferred Income Fund Inc. has a 12 month low of $10.98 and a 12 month high of $12.16. The company has a 50 day simple moving average of $11.47 and a two-hundred day simple moving average of $11.66.
Flaherty & Crumrine Preferred Income Fund Dividend Announcement
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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