Noble Wealth Management PBC Acquires New Shares in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Noble Wealth Management PBC acquired a new stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 83,760 shares of the company’s stock, valued at approximately $755,000.

Separately, Napa Wealth Management raised its holdings in Flaherty & Crumrine Preferred Income Opportunity Fund by 21.6% during the third quarter. Napa Wealth Management now owns 97,047 shares of the company’s stock valued at $913,000 after buying an additional 17,255 shares in the last quarter. 12.90% of the stock is owned by hedge funds and other institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Stock Performance

NYSE PFO opened at $9.23 on Friday. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a fifty-two week low of $7.89 and a fifty-two week high of $9.54. The stock’s 50-day moving average is $9.12 and its two-hundred day moving average is $9.17.

Flaherty & Crumrine Preferred Income Opportunity Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Wednesday, April 23rd will be issued a dividend of $0.0505 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $0.61 annualized dividend and a yield of 6.57%.

Flaherty & Crumrine Preferred Income Opportunity Fund Company 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.