Private Advisor Group LLC Sells 7,603 Shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Private Advisor Group LLC cut its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 201,582 shares of the company’s stock after selling 7,603 shares during the period. Private Advisor Group LLC owned about 1.54% of Flaherty & Crumrine Preferred Income Opportunity Fund worth $1,897,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth approximately $47,000. Matisse Capital grew its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 26.3% during the 2nd quarter. Matisse Capital now owns 177,623 shares of the company’s stock worth $1,504,000 after acquiring an additional 37,012 shares during the last quarter. Catalina Capital Group LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth approximately $151,000. Apella Capital LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth approximately $127,000. Finally, Cetera Advisors LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 1st quarter worth approximately $187,000. 12.90% of the stock is currently owned by institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

NYSE PFO opened at $9.15 on Wednesday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a one year low of $6.90 and a one year high of $9.54. The stock’s 50 day simple moving average is $9.27 and its 200 day simple moving average is $8.70.

Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.0505 per share. This is an increase from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous monthly dividend of $0.05. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.61 annualized dividend and a yield of 6.62%.

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.