Fiera Capital Corp Invests $586,000 in Flaherty & Crumrine Preferred and Income Fund Inc. $PFO

Fiera Capital Corp purchased a new stake in Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,145 shares of the company’s stock, valued at approximately $586,000. Fiera Capital Corp owned approximately 0.46% of Flaherty & Crumrine Preferred and Income Fund at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PFO. NewEdge Advisors LLC raised its position in Flaherty & Crumrine Preferred and Income Fund by 9.5% in the second quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock worth $287,000 after acquiring an additional 2,709 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Flaherty & Crumrine Preferred and Income Fund during the 2nd quarter worth $49,000. Envestnet Asset Management Inc. increased its holdings in shares of Flaherty & Crumrine Preferred and Income Fund by 4.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 138,408 shares of the company’s stock valued at $1,280,000 after purchasing an additional 6,058 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 17.1% in the second quarter. Invesco Ltd. now owns 43,592 shares of the company’s stock valued at $403,000 after purchasing an additional 6,372 shares during the period. Finally, D.A. Davidson & CO. lifted its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 14.0% in the third quarter. D.A. Davidson & CO. now owns 88,015 shares of the company’s stock valued at $858,000 after purchasing an additional 10,787 shares during the period. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

Shares of PFO opened at $9.65 on Monday. Flaherty & Crumrine Preferred and Income Fund Inc. has a twelve month low of $8.01 and a twelve month high of $9.90. The firm’s 50-day moving average is $9.55 and its two-hundred day moving average is $9.55.

Flaherty & Crumrine Preferred and Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 30th. Investors of record on Thursday, April 23rd will be paid a $0.0546 dividend. This represents a c) annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend is Thursday, April 23rd.

Flaherty & Crumrine Preferred and Income Fund Profile

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.