Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) Stock Price Down 0.2% – Time to Sell?

Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO)’s share price was down 0.2% during trading on Friday . The stock traded as low as $9.18 and last traded at $9.19. Approximately 8,951 shares were traded during mid-day trading, a decline of 43% from the average session volume of 15,746 shares. The stock had previously closed at $9.21.

Flaherty & Crumrine Preferred and Income Fund Stock Performance

The firm’s fifty day moving average price is $9.17 and its two-hundred day moving average price is $9.32.

Flaherty & Crumrine Preferred and Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 24th will be given a $0.0556 dividend. The ex-dividend date is Friday, July 24th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%.

Institutional Trading of Flaherty & Crumrine Preferred and Income Fund

Institutional investors have recently bought and sold shares of the business. Private Advisor Group LLC boosted its holdings in Flaherty & Crumrine Preferred and Income Fund by 0.9% in the 3rd quarter. Private Advisor Group LLC now owns 191,153 shares of the company’s stock worth $1,864,000 after buying an additional 1,745 shares during the last quarter. TrueMark Investments LLC lifted its position in shares of Flaherty & Crumrine Preferred and Income Fund by 2.9% in the fourth quarter. TrueMark Investments LLC now owns 70,697 shares of the company’s stock valued at $668,000 after acquiring an additional 1,985 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Flaherty & Crumrine Preferred and Income Fund by 6.0% in the fourth quarter. Wells Fargo & Company MN now owns 47,000 shares of the company’s stock valued at $444,000 after acquiring an additional 2,668 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Flaherty & Crumrine Preferred and Income Fund by 9.5% in the second quarter. NewEdge Advisors LLC now owns 31,081 shares of the company’s stock worth $287,000 after acquiring an additional 2,709 shares during the last quarter. Finally, Noble Wealth Management PBC increased its position in shares of Flaherty & Crumrine Preferred and Income Fund by 3.0% during the second quarter. Noble Wealth Management PBC now owns 100,360 shares of the company’s stock worth $927,000 after purchasing an additional 2,911 shares in the last quarter. 12.90% of the stock is owned by institutional investors and hedge funds.

Flaherty & Crumrine Preferred and Income Fund Company Profile

Flaherty & Crumrine Preferred and Income Fund (NYSE:PFO) is a closed-end management investment company designed to provide investors with a high level of current income. The fund focuses its portfolio primarily on preferred and participating securities, including traditional preferred shares, convertible preferred instruments, trust preferred issues and other hybrid securities issued by corporations and financial institutions.

Through broad diversification across industry sectors and geographies, PFO aims to manage credit and interest-rate risk while pursuing attractive yield opportunities.