Cohen & Steers Inc. raised its position in shares of Flaherty & Crumrine Pref. Income Fd Inc. (NYSE:PFD) by 69.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 103,652 shares of the real estate investment trust’s stock after purchasing an additional 42,638 shares during the quarter. Cohen & Steers Inc.’s holdings in Flaherty & Crumrine Pref. Income Fd were worth $1,197,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Private Advisor Group LLC grew its stake in shares of Flaherty & Crumrine Pref. Income Fd by 42.9% during the 3rd quarter. Private Advisor Group LLC now owns 20,939 shares of the real estate investment trust’s stock valued at $272,000 after purchasing an additional 6,288 shares during the period. LPL Financial LLC grew its stake in shares of Flaherty & Crumrine Pref. Income Fd by 10.9% during the 3rd quarter. LPL Financial LLC now owns 40,759 shares of the real estate investment trust’s stock valued at $529,000 after purchasing an additional 4,000 shares during the period. Fiera Capital Corp bought a new stake in shares of Flaherty & Crumrine Pref. Income Fd during the 4th quarter valued at about $151,000. Wells Fargo & Company MN grew its stake in shares of Flaherty & Crumrine Pref. Income Fd by 67.6% during the 3rd quarter. Wells Fargo & Company MN now owns 20,091 shares of the real estate investment trust’s stock valued at $261,000 after purchasing an additional 8,105 shares during the period. Finally, Morgan Stanley grew its stake in shares of Flaherty & Crumrine Pref. Income Fd by 4.1% during the 3rd quarter. Morgan Stanley now owns 135,675 shares of the real estate investment trust’s stock valued at $1,761,000 after purchasing an additional 5,375 shares during the period.

Shares of NYSE:PFD opened at $13.37 on Friday. Flaherty & Crumrine Pref. Income Fd Inc. has a 12-month low of $10.74 and a 12-month high of $14.26.

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Tuesday, April 23rd will be paid a dividend of $0.075 per share. The ex-dividend date is Monday, April 22nd. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.73%.

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Flaherty & Crumrine Pref. Income Fd Company Profile

There is no company description available for Flaherty & Crumrine Preferred Income Fund.

Further Reading: Is a Roth IRA right for you?

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Institutional Ownership by Quarter for Flaherty & Crumrine Pref. Income Fd (NYSE:PFD)

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