Flaherty & Crumrine Preferred and Income Fund Inc. $PFO Shares Acquired by Fiera Capital Corp

Fiera Capital Corp increased its stake in shares of Flaherty & Crumrine Preferred and Income Fund Inc. (NYSE:PFO) by 115.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,862 shares of the company’s stock after purchasing an additional 69,717 shares during the period. Fiera Capital Corp owned 0.99% of Flaherty & Crumrine Preferred and Income Fund worth $1,227,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Closed End Fund Advisors Inc. acquired a new position in shares of Flaherty & Crumrine Preferred and Income Fund in the fourth quarter worth $909,000. AlphaCore Capital LLC purchased a new position in Flaherty & Crumrine Preferred and Income Fund in the 4th quarter valued at about $127,000. Webster Bank N. A. acquired a new stake in shares of Flaherty & Crumrine Preferred and Income Fund during the 4th quarter worth about $28,000. TrueMark Investments LLC grew its holdings in shares of Flaherty & Crumrine Preferred and Income Fund by 2.9% during the fourth quarter. TrueMark Investments LLC now owns 70,697 shares of the company’s stock worth $668,000 after buying an additional 1,985 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new position in shares of Flaherty & Crumrine Preferred and Income Fund in the third quarter valued at approximately $5,738,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred and Income Fund Price Performance

Shares of PFO opened at $9.12 on Wednesday. Flaherty & Crumrine Preferred and Income Fund Inc. has a 1 year low of $8.85 and a 1 year high of $9.90. The company’s 50 day simple moving average is $9.18 and its 200 day simple moving average is $9.36.

Flaherty & Crumrine Preferred and Income Fund Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 24th will be issued a dividend of $0.0556 per share. The ex-dividend date is Friday, July 24th. This represents a c) annualized dividend and a dividend yield of 7.3%.

About Flaherty & Crumrine Preferred and Income Fund

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.