Private Advisor Group LLC Purchases New Position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Posted by Defense World Staff on Aug 27th, 2023

Private Advisor Group LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 194,148 shares of the company’s stock, valued at approximately $1,602,000. Private Advisor Group LLC owned 1.48% of Flaherty & Crumrine Preferred Income Opportunity Fund at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of PFO. Belpointe Asset Management LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the fourth quarter valued at about $56,000. Mosaic Family Wealth Partners LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the fourth quarter valued at about $102,000. Susquehanna International Group LLP increased its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 14.4% during the fourth quarter. Susquehanna International Group LLP now owns 13,507 shares of the company’s stock valued at $116,000 after buying an additional 1,701 shares during the period. Rivernorth Capital Management LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the first quarter valued at about $119,000. Finally, United Capital Financial Advisers LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the first quarter valued at about $138,000. Hedge funds and other institutional investors own 8.79% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

Shares of PFO opened at $7.67 on Friday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a fifty-two week low of $7.25 and a fifty-two week high of $10.00. The firm’s 50-day simple moving average is $7.86 and its two-hundred day simple moving average is $8.09.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 24th will be issued a $0.045 dividend. This represents a yield of 7.1%. The ex-dividend date is Wednesday, August 23rd.

Flaherty & Crumrine Preferred Income Opportunity Fund Company Profile

(Free Report)

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.