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Ewing Morris & Co. Investment Partners Ltd. Buys Shares of 75,690 Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Flaherty & Crumrine Preferred Income Opportunity Fund logo with Finance background

Ewing Morris & Co. Investment Partners Ltd. acquired a new position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 75,690 shares of the company's stock, valued at approximately $682,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE raised its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 7.4% in the fourth quarter. Bank of America Corp DE now owns 21,790 shares of the company's stock worth $196,000 after acquiring an additional 1,500 shares during the period. Citadel Advisors LLC bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter valued at $97,000. Wells Fargo & Company MN raised its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 47.8% during the 4th quarter. Wells Fargo & Company MN now owns 33,668 shares of the company's stock valued at $303,000 after purchasing an additional 10,886 shares during the period. LPL Financial LLC raised its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 29.9% during the 4th quarter. LPL Financial LLC now owns 49,630 shares of the company's stock valued at $447,000 after purchasing an additional 11,435 shares during the period. Finally, Invesco Ltd. bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter valued at $113,000. Hedge funds and other institutional investors own 12.90% of the company's stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

NYSE PFO traded down $0.04 on Wednesday, reaching $8.96. The company had a trading volume of 25,472 shares, compared to its average volume of 33,661. The firm's 50 day moving average price is $8.91 and its 200 day moving average price is $9.06. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 12 month low of $8.19 and a 12 month high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.0512 per share. This is a positive change from Flaherty & Crumrine Preferred Income Opportunity Fund's previous -- dividend of $0.03. The ex-dividend date of this dividend is Monday, June 23rd. This represents a dividend yield of 7%.

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.

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Institutional Ownership by Quarter for Flaherty & Crumrine Preferred Income Opportunity Fund (NYSE:PFO)

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