Matisse Capital Decreases Stock Holdings in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD)

Matisse Capital cut its stake in shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,805 shares of the real estate investment trust’s stock after selling 5,303 shares during the period. Matisse Capital’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $1,515,000 at the end of the most recent quarter.

Separately, Ellis Investment Partners LLC purchased a new stake in Flaherty & Crumrine Preferred Income Fund during the third quarter worth $125,000.

Flaherty & Crumrine Preferred Income Fund Price Performance

Shares of NYSE PFD opened at $11.23 on Tuesday. Flaherty & Crumrine Preferred Income Fund Inc. has a fifty-two week low of $9.80 and a fifty-two week high of $12.08. The business has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $11.40.

Flaherty & Crumrine Preferred Income Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a $0.061 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.73 dividend on an annualized basis and a yield of 6.52%.

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.