D.A. Davidson & CO. Trims Stock Position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

D.A. Davidson & CO. lessened its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,549 shares of the company’s stock after selling 1,885 shares during the period. D.A. Davidson & CO.’s holdings in Flaherty & Crumrine Preferred Income Opportunity Fund were worth $591,000 at the end of the most recent reporting period.

Separately, Jag Capital Management LLC acquired a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund in the third quarter valued at approximately $120,000. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Price Performance

NYSE:PFO opened at $9.20 on Wednesday. The firm has a 50 day simple moving average of $9.11 and a 200-day simple moving average of $9.16. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 1-year low of $7.89 and a 1-year high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Wednesday, April 23rd will be given a $0.0505 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Wednesday, April 23rd.

Flaherty & Crumrine Preferred Income Opportunity Fund 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.