Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 75,690 shares of the company's stock, valued at approximately $682,000.
Other large investors have also recently made changes to their positions in the company. Citadel Advisors LLC bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at about $97,000. Bank of America Corp DE raised its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 7.4% in the 4th quarter. Bank of America Corp DE now owns 21,790 shares of the company's stock valued at $196,000 after purchasing an additional 1,500 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at about $113,000. Envestnet Asset Management Inc. raised its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 205.5% in the 4th quarter. Envestnet Asset Management Inc. now owns 116,029 shares of the company's stock valued at $1,045,000 after purchasing an additional 78,044 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 85.4% in the 4th quarter. Sit Investment Associates Inc. now owns 542,802 shares of the company's stock valued at $4,891,000 after purchasing an additional 250,024 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.
Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.7%
Shares of NYSE:PFO traded up $0.06 during trading hours on Friday, hitting $8.92. The company's stock had a trading volume of 48,399 shares, compared to its average volume of 33,687. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52 week low of $8.19 and a 52 week high of $9.54. The firm's fifty day moving average price is $8.93 and its 200 day moving average price is $9.07.
Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend
The company also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 23rd will be paid a dividend of $0.0512 per share. This represents a dividend yield of 7%. The ex-dividend date of this dividend is Monday, June 23rd. This is a positive change from Flaherty & Crumrine Preferred Income Opportunity Fund's previous -- dividend of $0.03.
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.
Further Reading
Before you consider Flaherty & Crumrine Preferred Income Opportunity Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Flaherty & Crumrine Preferred Income Opportunity Fund wasn't on the list.
While Flaherty & Crumrine Preferred Income Opportunity Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
