Consolidated Portfolio Review Corp Sells 29,012 Shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Consolidated Portfolio Review Corp trimmed its stake in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 32.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,058 shares of the company’s stock after selling 29,012 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $532,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the second quarter valued at $47,000. Jag Capital Management LLC acquired a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the third quarter valued at $120,000. Finally, Napa Wealth Management grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 21.6% in the 3rd quarter. Napa Wealth Management now owns 97,047 shares of the company’s stock valued at $913,000 after acquiring an additional 17,255 shares during the period. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Up 0.2 %

Shares of PFO stock opened at $9.23 on Friday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52-week low of $7.89 and a 52-week high of $9.54. The firm’s 50-day moving average is $9.11 and its 200-day moving average is $9.10.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be paid a $0.0505 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $0.61 annualized dividend and a yield of 6.57%.

Flaherty & Crumrine Preferred Income Opportunity Fund Profile

Flaherty & Crumrine Preferred Income Opportunity 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 stocks of companies operating in the financial services sector.