Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 205.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 116,029 shares of the company’s stock after purchasing an additional 78,044 shares during the period. Envestnet Asset Management Inc.’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $1,045,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 47.8% during the fourth quarter. Wells Fargo & Company MN now owns 33,668 shares of the company’s stock worth $303,000 after buying an additional 10,886 shares during the period. Thomas J. Herzfeld Advisors Inc. boosted its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 77.1% in the 4th 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 during the last quarter. Independent Advisor Alliance acquired a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter valued at $407,000. LPL Financial LLC grew its stake 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 buying an additional 11,435 shares during the period. Finally, Noble Wealth Management PBC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter worth $755,000. 12.90% of the stock is currently owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.6 %

Shares of Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $8.84 on Friday. The business’s fifty day moving average price is $8.97 and its 200 day moving average price is $9.09. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a twelve month low of $8.15 and a twelve 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 issued a $0.0512 dividend. This represents a dividend yield of 7%. This is an increase from Flaherty & Crumrine Preferred Income Opportunity Fund’s previous — dividend of $0.03. The ex-dividend date is Monday, June 23rd.

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.