Private Advisor Group LLC Increases Stake in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Private Advisor Group LLC grew its stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 0.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,185 shares of the company’s stock after buying an additional 1,219 shares during the period. Private Advisor Group LLC owned 1.60% of Flaherty & Crumrine Preferred Income Opportunity Fund worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of PFO. RPO LLC purchased a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth $98,000. ORBA Wealth Advisors L.L.C. purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the fourth quarter worth about $111,000. Apella Capital LLC bought a new position in Flaherty & Crumrine Preferred Income Opportunity Fund during the second quarter valued at approximately $127,000. Arlington Capital Management Inc. grew its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 11.8% during the 1st quarter. Arlington Capital Management Inc. now owns 17,363 shares of the company’s stock valued at $147,000 after buying an additional 1,839 shares in the last quarter. Finally, Catalina Capital Group LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the 2nd quarter worth approximately $151,000. Hedge funds and other institutional investors own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.8 %

NYSE PFO opened at $9.26 on Friday. The stock has a 50 day moving average price of $8.75 and a 200-day moving average price of $8.46. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a one year low of $6.90 and a one year high of $9.28.

Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 23rd will be paid a $0.0492 dividend. This is a boost from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous monthly dividend of $0.05. This represents a $0.59 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date is Monday, September 23rd.

About Flaherty & Crumrine Preferred Income Opportunity Fund

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.