Fiera Capital Corp Acquires 80,344 Shares of Flaherty & Crumrine Preferred Income Fund Inc. $PFD

Fiera Capital Corp raised its holdings in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 80.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 179,838 shares of the real estate investment trust’s stock after purchasing an additional 80,344 shares during the period. Fiera Capital Corp’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $2,135,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PFD. 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 worth $804,000 after buying an additional 1,069 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Flaherty & Crumrine Preferred Income Fund by 7.4% during the 2nd quarter. Osaic Holdings Inc. now owns 89,755 shares of the real estate investment trust’s stock valued at $1,015,000 after acquiring an additional 6,217 shares during the period. Raymond James Financial Inc. grew its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 3.8% during the 2nd quarter. Raymond James Financial Inc. now owns 177,337 shares of the real estate investment trust’s stock worth $2,006,000 after purchasing an additional 6,569 shares in the last quarter. Bank of America Corp DE increased its position in shares of Flaherty & Crumrine Preferred Income Fund by 5.5% in the third quarter. Bank of America Corp DE now owns 163,028 shares of the real estate investment trust’s stock worth $1,960,000 after purchasing an additional 8,450 shares during the period. Finally, Cary Street Partners Financial LLC raised its stake in Flaherty & Crumrine Preferred Income Fund by 58.1% in the fourth 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 in the last quarter.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.2%

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $11.44 on Wednesday. Flaherty & Crumrine Preferred Income Fund Inc. has a 12-month low of $10.98 and a 12-month high of $12.16. The firm’s 50-day moving average price is $11.46 and its two-hundred day moving average price is $11.66.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a dividend of $0.0689 per share. This represents a c) annualized dividend and a yield of 7.2%. The ex-dividend date is Friday, July 24th.

Flaherty & Crumrine Preferred Income Fund Company Profile

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.