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

S.A. Mason LLC lessened its position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 50.0% during the third quarter, Holdings Channel reports. The fund owned 3,500 shares of the company’s stock after selling 3,500 shares during the period. S.A. Mason LLC’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $33,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of PFO. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 2nd quarter valued at about $47,000. Apella Capital LLC bought a new position in Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth approximately $127,000. Catalina Capital Group LLC purchased a new position in Flaherty & Crumrine Preferred Income Opportunity Fund in the 2nd quarter worth approximately $151,000. Cetera Advisors LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the first quarter valued at approximately $187,000. Finally, Consolidated Portfolio Review Corp lifted its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 5.9% in the first quarter. Consolidated Portfolio Review Corp now owns 107,160 shares of the company’s stock valued at $904,000 after purchasing an additional 5,997 shares during the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

Shares of Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $9.17 on Thursday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52-week low of $7.01 and a 52-week high of $9.54. The company’s 50 day moving average price is $9.28 and its 200-day moving average price 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. Shareholders 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 yield of 6.61%. 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.

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.