Arlington Capital Management Inc. Acquires Shares of 15,524 Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Arlington Capital Management Inc. acquired a new stake in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,524 shares of the company’s stock, valued at approximately $124,000. Arlington Capital Management Inc. owned about 0.12% of Flaherty & Crumrine Preferred Income Opportunity Fund at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of PFO. AQR Arbitrage LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth approximately $295,000. Sowell Financial Services LLC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 4th quarter worth approximately $311,000. Saba Capital Management L.P. acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth approximately $528,000. Consolidated Portfolio Review Corp increased its holdings in shares of 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 buying an additional 31,223 shares during the last quarter. Finally, Wolverine Asset Management LLC increased its holdings in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 282.6% during the 3rd quarter. Wolverine Asset Management LLC now owns 100,687 shares of the company’s stock worth $749,000 after buying an additional 74,371 shares during the last quarter. Institutional investors and hedge funds own 12.90% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Down 0.5 %

Shares of NYSE PFO traded down $0.04 during midday trading on Wednesday, reaching $8.28. 40,515 shares of the stock were exchanged, compared to its average volume of 32,371. The company has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $8.02. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a twelve month low of $6.90 and a twelve month high of $8.48.

Flaherty & Crumrine Preferred Income Opportunity Fund Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, May 23rd will be given a dividend of $0.0483 per share. The ex-dividend date of this dividend is Wednesday, May 22nd. This represents a $0.58 dividend on an annualized basis and a dividend yield of 7.00%.

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.