Wolverine Asset Management LLC Acquires 30,070 Shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Wolverine Asset Management LLC lifted its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) by 29.9% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 130,757 shares of the company’s stock after purchasing an additional 30,070 shares during the period. Wolverine Asset Management LLC owned about 1.00% of Flaherty & Crumrine Preferred Income Opportunity Fund worth $1,041,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PFO. Sowell Financial Services LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter worth approximately $311,000. Saba Capital Management L.P. bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth approximately $528,000. AQR Arbitrage LLC bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth approximately $295,000. Consolidated Portfolio Review Corp raised its stake in Flaherty & Crumrine Preferred Income Opportunity Fund by 65.9% during the 3rd quarter. Consolidated Portfolio Review Corp now owns 78,630 shares of the company’s stock worth $585,000 after acquiring an additional 31,223 shares during the period. Finally, Financial Management Network Inc. bought a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth approximately $80,000. Institutional investors own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

NYSE PFO opened at $8.03 on Friday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 12 month low of $6.90 and a 12 month high of $8.48. The company’s 50 day moving average is $8.24 and its two-hundred day moving average is $7.95.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, May 23rd will be issued a dividend of $0.0483 per share. This represents a $0.58 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date is Wednesday, May 22nd.

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.