S.A. Mason LLC Lowers Stock Position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

S.A. Mason LLC cut its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 50.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,500 shares of the company’s stock after selling 3,500 shares during the quarter. S.A. Mason LLC’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $33,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Matisse Capital lifted its position in shares of 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 buying an additional 37,012 shares in the last quarter. Cetera Advisors LLC bought a new position in Flaherty & Crumrine Preferred Income Opportunity Fund in the 1st quarter valued at $187,000. Catalina Capital Group LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter valued at $151,000. Apella Capital LLC bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth $127,000. Finally, Consolidated Portfolio Review Corp boosted its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 5.9% in the 1st quarter. Consolidated Portfolio Review Corp now owns 107,160 shares of the company’s stock worth $904,000 after buying an additional 5,997 shares during the last quarter. 12.90% of the stock is owned by institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.1 %

Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $9.17 on Thursday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 12 month low of $7.01 and a 12 month high of $9.54. The business’s 50 day simple moving average is $9.28 and its 200 day simple moving average is $8.71.

Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be issued a $0.0505 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.61%. This is an increase from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous monthly dividend of $0.05. The ex-dividend date is Thursday, November 21st.

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.