McElhenny Sheffield Capital Management LLC Makes New $81,000 Investment in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

McElhenny Sheffield Capital Management LLC acquired a new position in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFOGet Rating) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,375 shares of the company’s stock, valued at approximately $81,000. McElhenny Sheffield Capital Management LLC owned approximately 0.07% of Flaherty & Crumrine Preferred Income Opportunity Fund as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of PFO. Private Advisor Group LLC lifted its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 89.9% during the 3rd quarter. Private Advisor Group LLC now owns 138,782 shares of the company’s stock worth $1,189,000 after buying an additional 65,689 shares in the last quarter. Truist Financial Corp acquired a new position in Flaherty & Crumrine Preferred Income Opportunity Fund during the 3rd quarter worth $426,000. Raymond James & Associates lifted its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 178.2% during the 1st quarter. Raymond James & Associates now owns 57,807 shares of the company’s stock worth $665,000 after buying an additional 37,027 shares in the last quarter. Schmidt P J Investment Management Inc. acquired a new position in Flaherty & Crumrine Preferred Income Opportunity Fund during the 2nd quarter worth $196,000. Finally, D.A. Davidson & CO. lifted its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 33.7% during the 3rd quarter. D.A. Davidson & CO. now owns 69,238 shares of the company’s stock worth $593,000 after buying an additional 17,437 shares in the last quarter. Institutional investors and hedge funds own 8.26% of the company’s stock.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Down 2.8 %

NYSE:PFO opened at $8.03 on Friday. The stock’s fifty day moving average price is $9.21 and its two-hundred day moving average price is $9.03. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52-week low of $7.91 and a 52-week high of $11.58.

Flaherty & Crumrine Preferred Income Opportunity Fund Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, February 28th. Shareholders of record on Monday, February 20th were given a dividend of $0.05 per share. This represents a dividend yield of 6.27%. The ex-dividend date was Friday, February 17th.

Flaherty & Crumrine Preferred Income Opportunity Fund Company Profile

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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.

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Institutional Ownership by Quarter for Flaherty & Crumrine Preferred Income Opportunity Fund (NYSE:PFO)

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