Flaherty & Crumrine Pref. Income Fd (NYSE:PFD) Stock Price Crosses Above Fifty Day Moving Average of $15.02

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Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $15.02 and traded as high as $15.27. Flaherty & Crumrine Pref. Income Fd shares last traded at $15.24, with a volume of 12,390 shares trading hands.

The firm’s 50-day simple moving average is $15.02 and its 200 day simple moving average is $14.29.

The firm also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be given a dividend of $0.075 per share. The ex-dividend date is Friday, September 20th.

Several institutional investors have recently modified their holdings of the business. Joseph P. Lucia & Associates LLC acquired a new position in shares of Flaherty & Crumrine Pref. Income Fd in the 2nd quarter valued at $65,000. Capital Bank & Trust Co acquired a new position in shares of Flaherty & Crumrine Pref. Income Fd during the 2nd quarter worth about $80,000. NEXT Financial Group Inc acquired a new position in shares of Flaherty & Crumrine Pref. Income Fd during the 2nd quarter worth about $84,000. Advisor Group Inc. boosted its stake in shares of Flaherty & Crumrine Pref. Income Fd by 10.4% during the 2nd quarter. Advisor Group Inc. now owns 9,326 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 876 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in shares of Flaherty & Crumrine Pref. Income Fd by 8.4% during the 2nd quarter. Fiera Capital Corp now owns 12,537 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 975 shares during the last quarter.

About Flaherty & Crumrine Pref. Income Fd (NYSE:PFD)

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.

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