Noble Wealth Management PBC Invests $755,000 in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO)

Noble Wealth Management PBC acquired a new position in Flaherty & Crumrine Preferred Income Opportunity Fund Inc. (NYSE:PFO) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 83,760 shares of the company’s stock, valued at approximately $755,000.

Separately, Napa Wealth Management increased its stake in shares of Flaherty & Crumrine Preferred Income Opportunity Fund by 21.6% in the third quarter. Napa Wealth Management now owns 97,047 shares of the company’s stock worth $913,000 after purchasing an additional 17,255 shares during the period. 12.90% of the stock is currently owned by institutional investors.

Flaherty & Crumrine Preferred Income Opportunity Fund Trading Up 0.2 %

Flaherty & Crumrine Preferred Income Opportunity Fund stock opened at $9.23 on Friday. The business’s 50-day simple moving average is $9.12 and its 200-day simple moving average is $9.17. Flaherty & Crumrine Preferred Income Opportunity Fund Inc. has a 52 week low of $7.89 and a 52 week high of $9.54.

Flaherty & Crumrine Preferred Income Opportunity Fund Dividend Announcement

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