86,373 Shares in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) Bought by UMB Bank n.a.

UMB Bank n.a. acquired a new stake in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) during the fourth quarter, HoldingsChannel reports. The firm acquired 86,373 shares of the real estate investment trust’s stock, valued at approximately $971,000.

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

Flaherty & Crumrine Preferred Income Fund Stock Up 0.9 %

PFD opened at $11.45 on Wednesday. Flaherty & Crumrine Preferred Income Fund Inc. has a 52 week low of $9.80 and a 52 week high of $12.08. The business has a 50 day moving average price of $11.31 and a two-hundred day moving average price of $11.36.

Flaherty & Crumrine Preferred Income Fund Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 24th will be paid a dividend of $0.03 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, January 24th.

About Flaherty & Crumrine Preferred Income Fund

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.