AQR Arbitrage LLC decreased its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO - Free Report) by 43.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,344 shares of the company's stock after selling 32,035 shares during the period. AQR Arbitrage LLC's holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $373,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Noble Wealth Management PBC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter worth about $755,000. Independent Advisor Alliance purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at $407,000. LPL Financial LLC raised its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 29.9% in the 4th quarter. LPL Financial LLC now owns 49,630 shares of the company's stock worth $447,000 after acquiring an additional 11,435 shares in the last quarter. Thomas J. Herzfeld Advisors Inc. boosted its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 77.1% during the fourth quarter. Thomas J. Herzfeld Advisors Inc. now owns 39,919 shares of the company's stock valued at $360,000 after purchasing an additional 17,377 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 47.8% in the fourth quarter. Wells Fargo & Company MN now owns 33,668 shares of the company's stock worth $303,000 after purchasing an additional 10,886 shares in the last quarter. 12.90% of the stock is owned by institutional investors.
Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance
NYSE PFO traded down $0.02 on Wednesday, hitting $8.85. The stock had a trading volume of 7,170 shares, compared to its average volume of 33,645. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52-week low of $8.19 and a 52-week high of $9.54. The business's fifty day moving average price is $8.95 and its 200 day moving average price is $9.08.
Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend
The company also recently announced a -- dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 23rd will be paid a $0.0512 dividend. This is a positive change from Flaherty & Crumrine Preferred Income Opportunity Fund's previous -- dividend of $0.03. The ex-dividend date is Monday, June 23rd. This represents a 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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