Pathway Financial Advisors LLC Has $202,000 Stock Position in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD)

Pathway Financial Advisors LLC lowered its stake in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 28.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,920 shares of the real estate investment trust’s stock after selling 6,823 shares during the period. Pathway Financial Advisors LLC’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $202,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of PFD. Matisse Capital grew its stake in Flaherty & Crumrine Preferred Income Fund by 564.1% in the 2nd quarter. Matisse Capital now owns 140,368 shares of the real estate investment trust’s stock valued at $1,465,000 after buying an additional 119,230 shares during the last quarter. SpiderRock Advisors LLC bought a new stake in Flaherty & Crumrine Preferred Income Fund in the 1st quarter valued at about $121,000. First National Trust Co bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the 2nd quarter worth approximately $110,000. Robinson Capital Management LLC lifted its holdings in shares of Flaherty & Crumrine Preferred Income Fund by 22.3% during the 1st quarter. Robinson Capital Management LLC now owns 54,858 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 10,000 shares during the period. Finally, Arrow Financial Corp bought a new stake in shares of Flaherty & Crumrine Preferred Income Fund during the 2nd quarter worth approximately $40,000.

Flaherty & Crumrine Preferred Income Fund Stock Up 0.8 %

Shares of Flaherty & Crumrine Preferred Income Fund stock opened at $11.90 on Wednesday. The company has a 50 day moving average of $11.43 and a 200-day moving average of $10.75. Flaherty & Crumrine Preferred Income Fund Inc. has a 1-year low of $8.53 and a 1-year high of $12.03.

Flaherty & Crumrine Preferred Income Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Thursday, October 24th will be issued a dividend of $0.0594 per share. This represents a $0.71 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Thursday, October 24th. This is an increase from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

Flaherty & Crumrine Preferred Income Fund 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.