Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lowered its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 37.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,729 shares of the company’s stock after selling 14,342 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.18% of Flaherty & Crumrine Preferred Income Opportunity Fund worth $223,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the second quarter valued at approximately $47,000. Jag Capital Management LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the third quarter valued at approximately $120,000. Apella Capital LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the second quarter valued at approximately $127,000. Catalina Capital Group LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the second quarter valued at approximately $151,000. Finally, Cetera Advisors LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the first quarter valued at approximately $187,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

PFO stock opened at $9.07 on Tuesday. The business has a 50 day simple moving average of $9.31 and a 200-day simple moving average of $8.84. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 1 year low of $7.54 and a 1 year high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, November 21st will be given a $0.0505 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous monthly dividend of $0.05. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.68%.

Flaherty & Crumrine Preferred Income Opportunity Fund Company 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.