Flaherty & Crumrine Preferred Income Fund (NYSE:PFD) Shares Pass Below Two Hundred Day Moving Average – What’s Next?

Shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.44 and traded as low as $11.28. Flaherty & Crumrine Preferred Income Fund shares last traded at $11.28, with a volume of 19,762 shares.

Flaherty & Crumrine Preferred Income Fund Price Performance

The business’s 50-day simple moving average is $11.27 and its two-hundred day simple moving average is $11.45.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date of this dividend is Wednesday, April 23rd.

Institutional Investors Weigh In On Flaherty & Crumrine Preferred Income Fund

Hedge funds and other institutional investors have recently bought and sold shares of the business. Noble Wealth Management PBC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the fourth quarter worth approximately $31,000. McClarren Financial Advisors Inc. acquired a new position in Flaherty & Crumrine Preferred Income Fund during the 4th quarter worth $39,000. Pathway Financial Advisers LLC grew its holdings in Flaherty & Crumrine Preferred Income Fund by 88.6% during the 4th quarter. Pathway Financial Advisers LLC now owns 6,332 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 2,974 shares in the last quarter. Ellis Investment Partners LLC bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund in the 3rd quarter worth about $125,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of Flaherty & Crumrine Preferred Income Fund by 11.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 19,169 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 1,919 shares in the last quarter.

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.