Landscape Capital Management L.L.C. Trims Stake in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in Flaherty & Crumrine Preferred Income Opportunity Fund in the second quarter valued at about $47,000. Jag Capital Management LLC purchased a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 3rd quarter valued at approximately $120,000. Apella Capital LLC acquired a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the 2nd quarter worth approximately $127,000. Catalina Capital Group LLC purchased a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth approximately $151,000. Finally, Cetera Advisors LLC acquired a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund in the 1st quarter valued at approximately $187,000. 12.90% of the stock is owned by institutional investors and hedge funds.

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

Shares of NYSE PFO opened at $9.07 on Tuesday. The business’s 50 day moving average is $9.31 and its two-hundred day moving average is $8.84. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52-week low of $7.54 and a 52-week high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Increases Dividend

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

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.