Flaherty & Crumrine Preferred Income Fund (NYSE:PFD) Shares Pass Below Two Hundred Day Moving Average of $10.15

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.15 and traded as low as $9.46. Flaherty & Crumrine Preferred Income Fund shares last traded at $9.49, with a volume of 35,063 shares changing hands.

Flaherty & Crumrine Preferred Income Fund Price Performance

The stock’s fifty day simple moving average is $9.87 and its two-hundred day simple moving average is $10.15.

Flaherty & Crumrine Preferred Income Fund Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th were issued a $0.055 dividend. This represents a yield of 6.78%. The ex-dividend date was Wednesday, August 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Fund

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Advisor Networks LLC acquired a new stake in Flaherty & Crumrine Preferred Income Fund during the 1st quarter worth about $180,000. NewEdge Advisors LLC acquired a new stake in Flaherty & Crumrine Preferred Income Fund during the 1st quarter worth about $150,000. Northern Trust Corp acquired a new stake in Flaherty & Crumrine Preferred Income Fund during the 1st quarter worth about $154,000. Centaurus Financial Inc. raised its holdings in Flaherty & Crumrine Preferred Income Fund by 691.9% during the 1st quarter. Centaurus Financial Inc. now owns 79,136 shares of the real estate investment trust’s stock worth $1,097,000 after buying an additional 69,143 shares during the period. Finally, UBS Group AG raised its holdings in Flaherty & Crumrine Preferred Income Fund by 2.0% during the 1st quarter. UBS Group AG now owns 90,256 shares of the real estate investment trust’s stock worth $1,251,000 after buying an additional 1,787 shares during the period.

Flaherty & Crumrine Preferred Income Fund Company 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.