Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) Position Raised by Thomas J. Herzfeld Advisors Inc.

Posted by Tyrone Williams on Apr 1st, 2025

Thomas J. Herzfeld Advisors Inc. boosted its position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO – Free Report) by 77.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,919 shares of the company’s stock after purchasing an additional 17,377 shares during the period. Thomas J. Herzfeld Advisors Inc.’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $360,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PFO. Independent Advisor Alliance bought a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 4th quarter worth $407,000. LPL Financial LLC raised its position in Flaherty & Crumrine Preferred Income Opportunity Fund by 29.9% in the fourth 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. Finally, Noble Wealth Management PBC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the fourth quarter worth about $755,000. 12.90% of the stock is owned by institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

NYSE:PFO opened at $9.19 on Tuesday. The company has a 50-day moving average of $9.19 and a 200-day moving average of $9.21. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a twelve month low of $7.89 and a twelve month high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.0505 per share. This represents a $0.61 annualized dividend and a yield of 6.60%. The ex-dividend date is Wednesday, April 23rd.

About Flaherty & Crumrine Preferred Income Opportunity Fund

(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.