Landscape Capital Management L.L.C. Sells 29,712 Shares of Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD)

Landscape Capital Management L.L.C. reduced its stake in Flaherty & Crumrine Preferred Income Fund Inc. (NYSE:PFD) by 58.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,384 shares of the real estate investment trust’s stock after selling 29,712 shares during the period. Landscape Capital Management L.L.C.’s holdings in Flaherty & Crumrine Preferred Income Fund were worth $256,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of PFD. Ashton Thomas Private Wealth LLC bought a new position in Flaherty & Crumrine Preferred Income Fund in the second quarter worth about $35,000. Arrow Financial Corp purchased a new stake in Flaherty & Crumrine Preferred Income Fund in the second quarter worth about $40,000. Pathway Financial Advisers LLC purchased a new stake in Flaherty & Crumrine Preferred Income Fund in the first quarter worth about $40,000. First National Trust Co purchased a new stake in Flaherty & Crumrine Preferred Income Fund in the second quarter worth about $110,000. Finally, Ellis Investment Partners LLC purchased a new stake in Flaherty & Crumrine Preferred Income Fund in the third quarter worth about $125,000.

Flaherty & Crumrine Preferred Income Fund Stock Performance

Shares of PFD opened at $11.25 on Tuesday. Flaherty & Crumrine Preferred Income Fund Inc. has a fifty-two week low of $9.42 and a fifty-two week high of $12.08. The firm’s 50-day simple moving average is $11.70 and its two-hundred day simple moving average is $11.07.

Flaherty & Crumrine Preferred Income Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a $0.061 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 6.51%. The ex-dividend date is Thursday, November 21st. This is a boost from Flaherty & Crumrine Preferred Income Fund’s previous monthly dividend of $0.06.

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.