Ameritas Advisory Services LLC Buys Shares of 3,500 Flaherty & Crumrine Preferred and Income Fund Inc. $PFO

Ameritas Advisory Services LLC acquired a new stake in Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,500 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds have also made changes to their positions in PFO. Rossby Financial LCC purchased a new stake in shares of Flaherty & Crumrine Preferred and Income Fund in the first quarter valued at $28,000. Baird Financial Group Inc. purchased a new stake in shares of Flaherty & Crumrine Preferred and Income Fund in the first quarter valued at $288,000. Invesco Ltd. lifted its position in shares of Flaherty & Crumrine Preferred and Income Fund by 195.7% in the first quarter. Invesco Ltd. now owns 37,220 shares of the company’s stock valued at $343,000 after acquiring an additional 24,633 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Flaherty & Crumrine Preferred and Income Fund by 14.1% in the first quarter. Envestnet Asset Management Inc. now owns 132,350 shares of the company’s stock valued at $1,220,000 after acquiring an additional 16,321 shares in the last quarter. Finally, Sit Investment Associates Inc. lifted its position in shares of Flaherty & Crumrine Preferred and Income Fund by 12.1% in the first quarter. Sit Investment Associates Inc. now owns 608,217 shares of the company’s stock valued at $5,608,000 after acquiring an additional 65,415 shares in the last quarter. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of NYSE:PFO opened at $9.73 on Wednesday. Flaherty & Crumrine Preferred and Income Fund Inc. has a 52-week low of $8.01 and a 52-week high of $9.90. The stock’s fifty day simple moving average is $9.53 and its 200-day simple moving average is $9.19.

Flaherty & Crumrine Preferred and Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a dividend of $0.0512 per share. The ex-dividend date was Tuesday, September 23rd. This represents a c) annualized dividend and a yield of 6.3%.

About Flaherty & Crumrine Preferred and Income Fund

Flaherty & Crumrine Preferred Income Opportunity 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 stocks of companies operating in the financial services sector.