Flaherty & Crumrine Preferred Income Fund (NYSE:PFD) Share Price Passes Below 200 Day Moving Average – What’s Next?

Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.48 and traded as low as $11.16. Flaherty & Crumrine Preferred Income Fund shares last traded at $11.19, with a volume of 33,469 shares traded.

Flaherty & Crumrine Preferred Income Fund Trading Up 0.7 %

The business’s fifty day moving average price is $11.28 and its 200-day moving average price is $11.48.

Flaherty & Crumrine Preferred Income Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be issued a dividend of $0.061 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date is Wednesday, April 23rd.

Institutional Trading of Flaherty & Crumrine Preferred Income Fund

Hedge funds have recently made changes to their positions in the stock. Noble Wealth Management PBC bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the 4th quarter worth $31,000. McClarren Financial Advisors Inc. purchased a new position in Flaherty & Crumrine Preferred Income Fund in the 4th quarter worth $39,000. Pathway Financial Advisers LLC raised its position in Flaherty & Crumrine Preferred Income Fund by 88.6% in the 4th quarter. Pathway Financial Advisers LLC now owns 6,332 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 2,974 shares during the period. Commonwealth Equity Services LLC raised its position in 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 worth $215,000 after purchasing an additional 1,919 shares during the period. Finally, Guggenheim Capital LLC purchased a new position in Flaherty & Crumrine Preferred Income Fund in the 4th quarter worth $228,000.

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.