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

Pathway Financial Advisors LLC trimmed its stake in shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 28.7% in the third quarter, Holdings Channel.com reports. The firm owned 16,920 shares of the real estate investment trust’s stock after selling 6,823 shares during the quarter. Pathway Financial Advisors LLC’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $202,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in Flaherty & Crumrine Preferred Income Fund in the 2nd quarter valued at approximately $35,000. First National Trust Co acquired a new position in Flaherty & Crumrine Preferred Income Fund in the 2nd quarter valued at approximately $110,000. Private Wealth Strategies L.L.C. increased its position in Flaherty & Crumrine Preferred Income Fund by 1.7% in the 2nd quarter. Private Wealth Strategies L.L.C. now owns 68,628 shares of the real estate investment trust’s stock valued at $716,000 after acquiring an additional 1,139 shares during the period. Matisse Capital increased its position 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 acquiring an additional 119,230 shares during the period. Finally, Arrow Financial Corp acquired a new position in Flaherty & Crumrine Preferred Income Fund in the 2nd quarter valued at approximately $40,000.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of NYSE PFD opened at $11.90 on Wednesday. Flaherty & Crumrine Preferred Income Fund Inc. has a 52-week low of $8.53 and a 52-week high of $12.03. The firm has a 50 day moving average price of $11.43 and a two-hundred day moving average price of $10.75.

Flaherty & Crumrine Preferred Income Fund Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Thursday, October 24th will be given a $0.0594 dividend. This is a boost from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06. This represents a $0.71 annualized dividend and a yield of 5.99%. The ex-dividend date is Thursday, October 24th.

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.